Vietnam Insight

The trading week was relatively stable. Last week, the Dow fell 2.66%, the S&P 500 dropped 1.5%, and the Nasdaq Composite slid 2.62%. Ongoing concerns about the lack of direct trade negotiations between the US and China continued to weigh on sentiment, even as the Trump administration pursued tariff discussions with other major economies. Adding to the cautious tone, Chicago Fed President Austan Goolsbee warned over the weekend that tariffs could cause US economic activity to “fall off” by summer. Investors are also bracing for a packed earnings week, with over 100 S&P 500 companies set to report, including tech heavyweights Tesla and Alphabet.

The market has recovered. VNINDEX closed at 1,219.12 (+1.87 points, +0.15%) with flat liquidity compared to the 20-session average. The number of gaining stocks dominated with 321 gainers and only 136 losers. Foreign investors were net buyers at a slight amount of 8 billion VND, focusing on FPT stock.

Trading Strategy: Long-term investors may consider allocating funds into stocks with strong fundamentals and a solid accumulation base at low weight. We can focus on stocks benefiting from domestic internal factors in sectors such as: Steel, banking, securities, and power.