Vietnam Insight

Global stocks remain relatively stable amid some political instability. Last week, the S&P 500 and Nasdaq Composite gained 0.96% and 3.34%, respectively, marking their third consecutive week of gains. In contrast, the Dow Jones slipped 0.6%, experiencing its first weekly decline in three weeks. Ongoing political crises in South Korea and France, along with the collapse of Syrian President Bashar al-Assad's regime, contributed to the uncertainty.

Midweek breakout confirms bullish momentum – Heading towards 1,300 points. VN-Index closed the week at 1,270.14 (+19.68 points; +1.82%) with liquidity remaining above average. Many industry groups had good growth, typically the media and insurance groups. Foreign investors slightly net sold about 200 billion VND last week (including Friday's session). However, the index's trend has not changed significantly, as it is still trading in the 1,200 - 1,300 range. After the explosive trading session, VN-Index will likely accumulate or make a slight adjustment before continuing to increase. If this increase is supported by liquidity, the possibility of surpassing 1,300 is entirely possible.

Strategy: Many stocks have reached the target profit-taking threshold, short-term investors can sell a portion, and take profit of the remaining portion when VNINDEX reaches the 1,300 zone.