Vietnam Insight

Mixed movements – The market awaits this week’s jobs report. On Friday, major indices saw strong gains: the Dow rose 0.8%, the S&P 500 surged 1.26%, and the Nasdaq Composite jumped 1.77%. The December jobs report, scheduled for release on Friday, will be closely watched as one of the final economic indicators before the next Federal Reserve meeting. In the meantime, traders are also anticipating the JOLTS report on Tuesday and the ADP Employment Survey on Wednesday.

Sharp decline, VN-Index retreats to the 1250-point support level. VNINDEX closed at 1,254.59 points, down 15.12 points (-1.19%) with trading volume sideways compared to the 20-day average. Most sectors declined sharply, except for the oil and gas sector which closed in the green. Foreign investors net sold 736 billion dong.

Trading Strategy: Investors should observe and monitor the index's reaction around the support level of 1250. If there is no significant selling pressure leading to a substantial outflow of funds, the sideways up trend is likely to continue.

Buy Recommendation: SZC