Vietnam Insight

The continuous uncertainty. US stock futures fell on Monday as investors braced for this week’s so-called ‘Liberation Day’, when President Donald Trump is set to impose a 25% tariff on imported cars and unveil plans for reciprocal trade duties. Over the weekend, Trump stated he “couldn’t care less” if foreign automakers respond by raising prices. The Wall Street Journal also reported that the president is pressuring his advisors to take a more aggressive stance on trade policy. Last week, major stock indexes initially rallied but later resumed their downturn. The Dow dropped 0.96%, the S&P 500 fell 1.53%, and the Nasdaq Composite plunged 2.59%.
Decreasing volume. VNINDEX closed at 1,317.46 (-6.35 points, -0.48%) with liquidity falling below average. The market had 152 green stocks and 293 red stocks. The stocks that contributed the most to the market's increase were VIC, LPB, BSI while VCB FPT and HPG contributed to the market's decrease. In addition to the slight increase in the real estate group, other industry groups also decreased slightly. Foreign investors net sold 407 billion VND, focusing mainly on PNJ, VNM
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.
Buy Recommendation: MIG