Vietnam Insight

Awaiting US retail sales data. Last week, the S&P 500 and Nasdaq Composite dropped 2.3% and 2.4%, respectively, marking their fourth consecutive weekly decline. The Dow also slid 3.1%, recording its worst weekly performance since 2023. Those losses came as President Donald Trump’s escalating tariff policies and growing recessionary fears in the US rattled financial markets. Investors are now awaiting US retail sales data on Monday for insights into consumer spending trends. 

Slight fluctuations await breakthrough. VNINDEX closed at 1,326.15 (-0.12 points, -0.01%) with sustained high liquidity. The market had 170 green codes and 283 red codes. The group of stocks that contributed most to the market's upward momentum were VCB, VIC, and SHB, while FPT, GAS, and HVN contributed to the market's decline. With the exception of real estate, other industry groups all experienced slight declines. Foreign investors net sold 255.98 billion VND.

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.