Vietnam Insight

Global stocks remain stable. US stock futures dropped on Friday as investors prepared for the release of the December nonfarm payrolls report, which will provide key insights into the strength of the labor market. A stronger-than-expected reading could reinforce expectations that the Federal Reserve may hold off on further interest rate cuts this year, putting pressure on equity markets.

The market is less volatile and has low liquidity. VNINDEX closed at 1,245.77 (-5.25 points, -0.42%) with liquidity falling sharply below the 20-session average. Foreign investors net sold VND440 billion. The time before Lunar New Year and the information gap before Q4/2024 business results are the main reasons explaining the decline in liquidity in recent sessions.

Trading Strategy: Investors can maintain observation in this area and consider reducing positions in stocks that violate technical signals. Short trading strategies are still prioritized and need to consider the two support and resistance levels of 1,200 and 1,300.

Site Visit Summary on 9 January - AGG