Vietnam Insight

Waiting for remarks from Fed Chair Jerome Powell later in the day. US stock futures ticked higher on Thursday after major indexes rallied to new record highs in the previous session, led by strong gains in technology shares. On Wednesday, the S&P 500 climbed 0.58% and the Nasdaq Composite advanced 1.12%, both setting fresh records, while the Dow ended flat. The rally was driven by AI-related megacaps and chipmakers, with AMD soaring 11.4% after investors reacted positively to its partnership with OpenAI. Nvidia gained 2.2% after CEO Jensen Huang said computing demand had “gone up substantially” this year. Other major tech names also rose, including Broadcom (2.7%), Micron Technology (5.8%), Tesla (1.2%), Amazon (1.5%), and Oracle (1.5%). Meanwhile, FOMC minutes revealed mixed views on the policy outlook, and investors now await remarks from Fed Chair Jerome Powell later today. Earnings reports from Delta Air Lines and PepsiCo are also due.

Testing the peak. VNINDEX closed at 1,697.83 (+12.53 points, +0.74%) with liquidity slightly improving to the 20-session average. Market breadth was in favor of gainers with 181 gainers and 121 losers. The stocks that contributed the most to the market's increase were VHM, VCB, CTG; those that contributed to the market's decrease were VIC, TCB and LPB. Foreign investors reversed their net buying to VND218 billion.

Trading Strategy: Prioritize the strategy of holding and being ready to sell when the target is reached. In the positive case, VN-Index successfully tests and maintains 1,700, investors can increase the proportion for the upcoming uptrend. In case of not successfully breaking through 1,700, the market returns to the 1,600 points, there will be a clearer buying opportunity for the medium-term position, investors can disburse more confidently, focusing on groups of stocks with many driving forces such as benefiting from upgrading, strong business results; or lower valuation level compared to the general market.