Vietnam Insight

Highlights:

• On February 26, 2025, the US government bond market showed signs that the Federal Reserve (Fed) has considered almost certainly indicating an upcoming economic recession, according to CNBC.
• Consumption, which accounts for about 70% of US GDP, may slow as people become pessimistic about the economy during Trump's term.
• Regarding the IT project testing for KRX, HoSE has requested securities companies to use data from February 28, 2025, for the upcoming testing phases.
• Some steel products from China will face temporary anti-dumping duties ranging from 19.38% to 27.83%, effective from March 8. 

Technical view: The VN-Index closed the week at 1,305.36 (+8.61 points; +0.66%), with liquidity continuing to rise. This marks the sixth consecutive week of gains, so the pressure to take profits next week is relatively high. The index is still holding the EMA 9, and is in an uptrend. The reference support level is 1,280 – 1,300.

Investment ideas: In the short term, the market has surpassed a key resistance level but lacks the necessary correction phase. Investors may consider taking profits on half of their portfolio and holding the remaining part to let profits run. EMA 20 can be used as a reference for selling points. New buying opportunities may arise when the market tests the previous resistance range of 1,280 – 1,300 with the signal of bouncing up.