Vietnam Insight

The US PMI index fell short of expectations. In Monday’s regular trading session, the Dow plunged 1.48%, the S&P 500 dropped 1.76%, and the Nasdaq Composite tumbled 2.64%. The major indexes initially opened higher but quickly reversed course in the afternoon after President Trump confirmed that 25% tariffs on Canada and Mexico would take effect on Tuesday, stating that there was "no room left" for negotiations. The ISM Manufacturing PMI fell to 50.3 in February 2025 from 50.9 in January, below forecasts of 50.5. 

Differentiation in session. VNINDEX closed at 1,309.37 (+4.01 points, +0.31%) with liquidity higher than the 20-session average. The market had 240 green codes and 223 red codes. Bad news related to BCG caused many related stocks to decrease negatively, however, the market still maintained green at the end of the session. The group of stocks that contributed the most to the market's increase were VHM, VIC, VNM while CTG TPB and GVR contributed to the market's decrease. Foreign investors net sold VND383 billion.

Trading Strategy: The market has broken through a key resistance level in the short term but lacks a necessary correction.Investors may consider taking profits on ½ of their portfolio and holding the remainder to allow profits to run; EMA 20 can be used as a reference for selling points. New buying opportunities will be suitable when the market retests the old resistance area of 1,280 – 1,300 and shows signs of rebounding.

Buy Recommendation: TV2