Vietnam Insight

Nasdaq Composite kicks off November with gains. US stocks were mixed on Monday, with the S&P 500 adding 0.3% and the Nasdaq up 0.5% as a flurry of AI deals concentrated gains in megacap tech, while the Dow lost 210 points. Nvidia rose 1.1% while Microsoft lost 1.1% after Microsoft confirmed export licences to ship Nvidia-class GPUs to the UAE and a separate multiyear GPU cloud contract worth about $9.7bn. Amazon jumped 3.6% on a reported multiyear, about $38bn partnership with OpenAI that will rely heavily on large GPU deployments

Trading in a range. VNINDEX closed at 1,617 (-22.65 points, -1.38%) with liquidity lower than the 20-session average. The market had 88 increasing stocks and 240 decreasing stocks. The group of stocks exerting the greatest downward pressure on the market was VIC, BVH, FPT; the group of stocks supporting the market was TCB, VPB, STB. Foreign investors net sold at a level of 137 billion VND.

Trading Strategy: Investors may consider short-term trades within the 1,600–1,700 range. If the market successfully retests the 1,600 level, investors can also deploy capital for medium- to long-term positions, focusing on stocks with strong momentum — such as those benefiting from an upgrade in market classification, robust earnings growth, or valuations that remain lower than the overall market average.