Vietnam Insight

Adjustment signals appear everywhere. In regular trading on Tuesday, the Dow dropped 267.6 points, or 0.61%, marking its ninth consecutive loss, the longest streak since 1978. The S&P 500 and Nasdaq Composite also saw declines, falling 0.39% and 0.32%, respectively.  The central bank is widely expected to lower rates by 25 basis points, but may signal fewer rate cuts than previously indicated in 2025, given persistent inflationary pressures. 

The overall market lacks liquidity - YEG stock continues to lead the media sector. VNINDEX closed at 1,263.79, up 1.22 points (+0.1%) with lower-than-average trading volume compared to the past 20 sessions. Foreign investors net sell 205 billion dong. In a baseline scenario, the VN-Index needs to form a narrow range with strong volume absorption before challenging the 1,290-1,300 resistance levels.

Trading Strategy: Many stocks have reached their target profit levels, allowing short-term traders to partially sell and lock in profits. Consider completely exiting positions when the VN-Index approaches the 1,300 level.

Buy recommendation: DRI