Vietnam Insight

Global stocks steady ahead of the Christmas holiday. On Monday's trading session, the Dow Jones industrial index increased 0.2% to 42,906.95 points. The S&P 500 composite index rose 0.7% to 5,974.89 points, the Nasdaq technology index rose 1% to 19,764.89 points. Sentiment was weighed down by an unexpected drop in US consumer mood, which fell for the first time in three months, raising concerns about the economic outlook. Investors are closely watching the Federal Reserve's 2025 policy outlook, focusing on the likelihood of fewer rate cuts. However, soft US PCE data has eased inflation concerns, offering a mixed view of economic conditions. Trading activity is expected to be subdued before the holiday, with the NYSE closing early today. 

Lackluster trading. VN-INDEX closed at 1,262.76 points, up 5.26 points (+0.42%) with lower liquidity compared to the average of the past 20 sessions. The market shows a divergence, in which the group of mid-cap and small-cap stocks attracts cash flow. Foreign investors were net sell of VND 280 billion. In the base case, VN-Index needs to form a narrow-range consolidation zone with low volume before challenging the strong resistance at 1290-1300.

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.