Vietnam Insight

US employment data is relatively positive. The three major averages in the US rose over 0.8% on Thursday, with the S&P 500 and Nasdaq 100 closing at record highs as nonfarm payrolls rose by 147K in June, well above the 110K consensus—and the unemployment rate unexpectedly fell to 4.1%, cementing the view of a resilient economy. Technology leaders rallied, Nvidia gained 1.3% and Synopsys jumped 4.2% on robust AI-driven earnings momentum and the White House’s decision to lift export restrictions on chip-design software to China. Meanwhile, broader market optimism was bolstered by progress on a US-Vietnam trade deal and the near-final House approval of President Trump’s $3.4 trillion tax-and-spending bill. Chip-design peers Cadence Design and Synopsys each added about 5%, and Datadog soared 10% after its imminent inclusion in the S&P 500. Markets will close early today and remain closed Friday for Independence Day

Upward trend. VNINDEX closed at 1,381.96 (-2.63 points, -0.19%) with liquidity 1.5 times higher than the 20-day average. The market saw 146 gainers and 168 losers. The stocks contributing most significantly to the market's gain were CTG, GEX, and HPG, while GVR, VIC, and BCM were the biggest contributors to the decline. Foreign investors net bought approximately 2,276 billion VND, primarily in SSI and MWG.

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

Buy recommendation: NLG