Vietnam Insight

Markets advanced despite tensions in the Middle East. In regular trading on Monday, the Dow gained 0.75%, the S&P 500 rose 0.94%, and the Nasdaq Composite jumped 1.52%, as investors appeared to look past the conflict in the Middle East. Seven of the 11 S&P 500 sectors ended in positive territory, led by communication services, technology, and consumer discretionary. Meanwhile, utilities, health care, and energy stocks lagged. Traders are also turning their attention to the Fed’s policy decision later this week, with the central bank widely expected to keep rates unchanged. Retail sales data, due later today, may also offer further clues on the health of the economy.

Resistance around the recent peak. VNINDEX closed at 1,338.11 (an increase of 22.62 points, or +1.72%), with liquidity at the 20-day average. The market saw 233 advancing stocks and 81 declining stocks. The banking, oil and gas, and securities sectors were strong contributors to the market's performance.The stocks that contributed most significantly to the market's gain were GAS, VPL, and TCB, while VHM, HVN, and VIC contributed to the market's decline. Foreign investors were net buyers of 984 billion VND, primarily concentrating their value in FPT and VPB

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