Vietnam Insight

Stable developments – considering the possibility of the Ukraine war ending. During regular trading on Tuesday, the S&P 500 gained 0.24%, reaching a new record high. The Dow and Nasdaq Composite both posted modest increases of 0.02% and 0.07%, respectively. Investors brushed aside concerns over President Donald Trump’s trade policies and hawkish comments from Federal Reserve officials. They also considered the potential end of the Ukraine war, which could boost sentiment toward Europe.

The insurance sector breaks out. VNINDEX closed at 1,278.14 (+5.42 points, +0.43%) with higher liquidity than the 20-session average. Blue-chip stocks maintained their green color. In the short-term trend, the market had a session that rose to the resistance level of 1,280 but failed the test. The current short-term sideways range will play the role of absorbing selling pressure around the 1275 - 1280 resistance zone before the cash flow factor confirms a positive return.

Trading Strategy: The market is currently trending towards a sideways trading pattern. For short-term trading, investors can consider deploying capital around the 1,240-point range and gradually take profits as it approaches 1,280-1,300 points. With a buy-and-hold strategy, investors can deploy additional capital when the VN-Index breaks out of and successfully defends the 1,300-point zone.

Buy Recommendation: BFC