Vietnam Insight

Highlights:

• Since the beginning of the month, the yield on 10-year US Treasury bonds has risen approximately 0.4%, exceeding 4.27% in the trading session on October 28th.
• In the trading session on October 31st, the global gold price continued to surge, reaching a record high of $2,790.15 per ounce. This represents a 6% increase in October.

Technical view: The VN-Index closed the week at 1,254.89 (+2.17 points; +0.17%) with low liquidity and significant divergence among large-cap stocks. Foreign investors were net sellers throughout the week. The market is currently trading within the range of 1,240-1,300. With Friday's decline, it is highly likely that the market will retest the 1,240 level, which corresponds to the 200-day EMA.

Investment ideas: Investors should exercise caution during this period as the upcoming election may bring about significant volatility. We recommend holding positions in sectors such as banking, steel, and industrial parks. For new buying opportunities, investors should wait for the market to adjust and rebound from the 1,240 support level, which will provide a safer entry point.