Vietnam Insight

Wall Street rises on tech surge. US stocks rose on Tuesday, lifted by tech strength, solid labor data, and hopes for progress on trade. The S&P 500 rose 0.6%, the Dow gained 214 points, and the Nasdaq advanced 0.8%, led by a 2.8% rally in Nvidia that briefly made it the most valuable publicly traded company. Other chipmakers like Broadcom (3.3%) and Micron (4.1%) also rose sharply, adding to the chip-driven momentum. A stronger-than-expected JOLTS report showed job openings rose by 191,000 to 7.391 million in April, signaling resilience in the labor market despite trade headwinds

Resistance around the recent peak. VNINDEX closed at 1,347.25 (+10.95 points, +1.25%) with liquidity exceeding the average. The market had 195 stocks increasing and 119 stocks decreasing, most of the industry groups ended the session in positive green. The group of stocks contributing the most to the market's increase were TCB, VCB, HPG while HAG, NVL, BSR contributed to the market's decrease. Foreign investors returned to net buying more than 900 billion, the value mainly concentrated in APG and VND 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.