Vietnam Insight

Highlights:

• The U.S. Consumer Price Index (CPI) data for February showed a modest increase of only 0.2% compared to the previous month, below expectations.
• Vinpearl Joint Stock Company has submitted a listing application for nearly 1.8 billion shares to the Ho Chi Minh Stock Exchange (HoSE).
• The ongoing sell-off over the past three weeks continues to weigh on Wall Street, amid new tariff threats from U.S. President Donald Trump.

Technical view: The VN-Index closed the week at 1,326.15 (+0.1 points; +0.01%) with high liquidity. While the index remained unchanged from the previous week, this was primarily due to strong gains in VIC, MSN, and VCB stocks, with signs of adjustment in other stocks. Support and resistance levels are 1,300 and 1,350, respectively. We expect the market to experience a 10-20 point correction after the VIC group finishes its recent rally, testing the 1,300 level once again. The long-term upward trend remains intact.

Investment ideas: Maintain the holding trend to let profits run. In an uptrend, any corrections toward support zones or EMA lines will be opportunities to buy. Expect the securities, retail and banking groups to continue receiving inflows.