Vietnam Insight

US stocks continued to decline, with Trump imposing and retracting tariffs. In Tuesday’s regular trading session, major indexes declined, with the Dow dropping 1.14%, the S&P 500 losing 0.76%, and the Nasdaq Composite slipping 0.18%. dding to market concerns, President Donald Trump announced on Tuesday that he would double tariffs on Canadian steel and aluminum to 50%, effective Wednesday, in response to Ontario’s decision to impose a 25% levy on electricity exports to the US. However, Ontario Premier Doug Ford later stated that he would pause the surcharge. The central bank faces the challenge of curbing inflation while mitigating the economic risks posed by tariffs

Strong recovery despite increased selling pressure. VNINDEX closed at 1,332.54 (+2.26 points, +0.17%) with liquidity remaining high. The market had 231 green codes and 247 red codes. The stocks that contributed the most to the market's increase were VPB, HVN, MBB while FPT BVH and GAS contributed to the market's decline. Banking, real estate and essential consumer groups increased slightly. Foreign investors net sold VND 217.30 billion.

Trading Strategy: The market has shown positive signals, breaking out of the sideways trading channel. The VN-Index is likely to maintain its uptrend, heading towards 1,350 points. Investors can increase their positions during dips with average volume and a narrow spread. In a negative scenario, if the 1,280-1,300 point level is lost, investors can reduce their portfolio weight to manage risk.

Buy Recommendation: GEG