Vietnam Insight

Highlights:

• Presidential candidate Mr. Trump narrowly escaped an assassination attempt on July 13, 2024, during a speech in Pennsylvania. This is the first such assassination attempt to occur in the US in over four decades.
• Disbursement of public investment capital for payments from the beginning of the year to June 30 is VND 196.7 trillion, reaching 29.39% of the plan assigned by the Prime Minister.

Technical view: The VNINDEX experienced a week of decline with high liquidity. On the weekly chart, VNINDEX closed at 1,264 points, down 15.97 points (-1.25%). Foreign investors showed signs of bottom-fishing as prices fell to low levels. The banking sector performed well, supporting the market, while the real estate sector witnessed heavy selling. Consequently, VNINDEX has made three unsuccessful attempts to conquer the 1,300-point zone, subsequently breaching the EMA 50 and exhibiting signs of returning to the 1,250-point zone for further demand retesting. Overall, the market has been trading within the 1,250-1,300 range for the past five months.

Investment Ideas: Investors should only disburse to take positions in the support zone below 1,240 - 1,250 and reduce the proportion in the 1,300 zone. Prioritize retail, steel, banking and real estate groups for expectations of a recovery at the end of the year. 

• Movement of cash flows and capital flows
• Top stocks worth noting
• Macro data