Vietnam Insight

The S&P 500 index rose slightly, largely due to expectations that US tariff policies would be narrowed in scope. The S&P 500 rose 0.1% on Tuesday, and the Nasdaq gained 0.5%, marking their third consecutive session of gains. The Dow Jones remained flat as investors weighed the impact of looming tariffs and economic uncertainty. Monday’s rally, sparked by optimism over more targeted tariff measures, lost steam after President Trump suggested certain countries could be exempt from reciprocal duties set to take effect on April 2, while also hinting at potential new tariffs on pharmaceuticals and autos.

Low volatility. VNINDEX closed at 1,331.92 (+1.60 points, +0.12%) with liquidity around the average level. The market had 270 green codes and 191 red codes. The group of stocks that contributed the most to the market's increase were BID, CTG, GVR while FPT VCB and MBB contributed to the market's decrease. The spread was somewhat more positive when most of the industry groups were slightly green. Foreign investors net sold 397 billion VND, focusing mainly on FPT, SHB, TPB.

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.