Vietnam Insight

Struggles amid trade worries. The S&P 500 rose 0.5% on Monday, while the Dow climbed 417 points, kicking off the week on a positive note. However, the Nasdaq 100 lagged, falling 0.2% as investors navigated economic growth concerns and escalating trade tensions. Market jitters intensified after Trump signaled broader tariffs, including a 25% levy on all non-U.S.-made cars starting April 2.

The market continues to adjust. VNINDEX closed at 1,306.86 (-10.60 points, -0.80%) with trading volume decreasing around the average level. The market had 135 gaining stocks and 322 losing stocks. The stocks contributing the most to the market's increase were MBB, MSB, and VNM, while GVR, VCB, and FPT contributed to the market's decline. The financial and real estate sectors experienced slight decreases. Foreign investors net sell 1,281.9 billion VND, mainly focusing on VNM 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.