Vietnam Insight

Investors await new catalysts. US stocks wavered on Friday, capping a volatile but strong May as investors weighed renewed trade tensions with China and cooling inflation data. The S&P 500 ended near flat after falling over 1% intraday, while the Nasdaq slid 0.4% and the Dow added 53 points. Market swings were triggered after President Trump accused China of breaching their recent trade deal, with further pressure reports that the administration plans to expand tech curbs targeting Chinese firms. Trade talks appeared stalled, and legal uncertainty surrounding Trump’s tariff strategy added to investor unease. Meanwhile, the Fed’s preferred inflation gauge showed cooling price pressures, offering some relief

Resistance around the recent peak. VNINDEX closed the last session of the week at 1,332.60 (-9.26 points, -0.69%) with liquidity around the average level. The market had 99 stocks increasing and 236 stocks decreasing, with differentiation between industry groups during the session. The stocks contributing the most to the market's increase were VIC, VHM, GAS while MWG, CTG, BID contributed to the market's decrease. Foreign investors net sold more than 1,083 billion, the value mainly concentrated in HPG and MWG stocks.

Trading Strategy: Investors are temporarily holding off on buying stocks that have already seen strong gains, as capital may shift toward stocks trading below their 200-day or 50-day moving averages. For new buying positions, priority can be given to real estate and banking stocks that are trading at low levels with a consolidation base; however, the allocation should remain modest.