Vietnam Insight

Markets found support as the ceasefire appeared to hold. US stock futures held steady on Thursday, with the S&P 500 and Nasdaq Composite hovering near record highs. In Wednesday’s session, the S&P 500 ended flat, the Nasdaq rose 0.31%, and the Dow Jones slipped 0.25%. Markets found support as the ceasefire between Iran and Israel appeared to hold, and the US indicated plans to meet with Tehran next week. Investors also weighed Federal Reserve Chair Jerome Powell’s second day of congressional testimony, during which he maintained a cautious stance. Powell reiterated that while the Fed can manage potential inflationary pressures from tariffs, it is not yet ready to begin cutting interest rates, despite growing political pressure from President Trump and some lawmakers. Attention now turns to Thursday’s economic data, including weekly jobless claims, along with earnings reports from Walgreens and Nike.

Upward trend. VNINDEX closed at 1,366.77, marking an increase of 8.59 points or 0.63%, with liquidity at its 20-day average. The market saw 176 gainers and 127 decliners. Real estate and securities sectors were strong contributors to the market's performance.The stocks that contributed most significantly to the market's rally were VIC, VHM, and HVN, while GAS, BSR, and PLX were the primary contributors to the market's decline.Foreign investors were net buyers of 230 billion VND, primarily focusing on DGW and VND shares.

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