Vietnam Insight

Waiting fresh comments from central bank officials. US stock futures rose on Monday as investors looked past concerns over the ongoing government shutdown after lawmakers again failed to reach a funding deal. The closure has suspended key federal programs and delayed major economic reports, including September’s jobs data originally due Friday. Last week, the Dow gained 1.1%, the S&P 500 added 1.09%, and the Nasdaq Composite climbed 1.32%, with all three indexes setting fresh record highs. Technology and semiconductor stocks led the rally as OpenAI’s share sale boosted its valuation to a record $500 billion, fueling renewed optimism around artificial intelligence. Meanwhile, recent data strengthened expectations for Federal Reserve rate cuts, with markets nearly fully pricing in a quarter-point cut this month and another in December. Investors now await fresh comments from central bank officials this week for policy direction.

Sideway waiting for further news. VNINDEX closed the last session of the week at 1,645.82 (-6.89 points, -0.42%) with liquidity remaining at a low level. The market had 85 stocks increasing and 229 stocks decreasing. The group of stocks contributing the most to the market's increase was VIC VHM LPB, contributing to the market's decrease was VPB CTG TCB. Foreign investors continued to net sell more than 1,200 billion VND.

Trading Strategy: Prioritize a hold strategy while being ready to sell when targets are achieved. For short-term traders: if the market corrects toward 1,600 and bounces, consider deploying a small allocation. If the index retreats to the 1,540 region, this would present a clearer medium-term buying opportunity. Investors can allocate more aggressively, focusing on stocks with strong drivers such as beneficiaries of the upgrade, companies with robust earnings growth, or those with valuations below the market average.