Vietnam Insight

Expectations for the FED to maintain interest rates in the upcoming January and March meetings. In Monday’s regular trading, the Dow and S&P 500 gained 0.86% and 0.16%, respectively, while the Nasdaq Composite declined by 0.38%. The shifts came as investors rotated out of megacap tech stocks and into energy, materials, and healthcare sectors. The rise in bond yields, particularly the 10-year Treasury yield hitting its highest level since November 2023, put additional pressure on growth stocks. The December producer inflation report is set for release later today, followed by the consumer inflation report on Wednesday

Strong buy at the support level. VNINDEX closed at 1,235.65 (+5.17 points, +0.42%) with liquidity around the 20-session average. Foreign investors net sold 72 billion VND. Compared to the recovery session of last week, the market this time recovered with a wider spread and better liquidity and successfully defended the support zone 3 times.

Trading Strategy: The market is showing positive signs as it approaches the 1,200-1,220 point level. For short-term trading, investors can consider disbursing around this area and gradually taking profits when approaching 1,300 points. With a holding investment strategy, investors will only disburse strongly when the VN-Index breaks out and successfully defends the 1,300 point level.