Vietnam Insight

Cautious sentiment due to concerns about the slowdown of economic growth forecasts. US equities closed lower on Thursday, giving back some of the prior session’s gains as investors reassessed economic risks and the Fed’s response to potential inflation and slowing growth. The S&P 500 dipped 0.2%, the Nasdaq 100 lost 0.3%, and the Dow finished marginally in the red. Market sentiment remained cautious after the Federal Reserve kept rates unchanged but raised its inflation forecast while trimming economic growth projections. Fed Chair Jerome Powell sought to reassure investors, calling tariff-driven inflation "transitory," yet concerns lingered.

Foreign investors continue its selling trend. VNINDEX closed at 1,323.93 (-0.70 points, -0.05%) with liquidity slightly below average. The market had 191 green codes and 285 red codes. The group of stocks that contributed the most to the market's increase were VCB, MBB, TCB while TPB VIC and BCM contributed to the market's decrease. Industry groups generally had little fluctuation, some stocks with negative information such as TPB, ORS decreased sharply during the session. Foreign investors net sold 1,409.18 billion VND, focusing mainly on FPT, TPB and HPG.

Trading Strategy: The market has shown positive signals, breaking out of the sideways trading channel. The VN-Index is likely to maintain its uptrend to reach 1,350 points. After several consecutive rising sessions, the VN-Index may experience alternating declining sessions in the coming weeks. Investors can increase their positions during these declining sessions with average liquidity and a narrow spread. In a negative scenario, if the 1,280-1,300 point level is lost, investors may reduce their portfolio weight to manage risk.