Vietnam Insight

Green dominated most markets. US stock futures were little changed on Wednesday after all three major benchmarks advanced in the previous session, as expectations for multiple Federal Reserve rate cuts continued to support the earnings outlook. In Tuesday’s regular trading, the Dow and the S&P 500 rose 0.99% and 0.62%, respectively, with both indices closing at fresh record highs. The tech-heavy Nasdaq Composite added 0.65%. Nine of the 11 S&P 500 sectors ended higher, led by materials, healthcare, and industrials. Semiconductor stocks outperformed on renewed investor interest, with Micron Technology, Texas Instruments, Analog Devices, and NXP advancing between 5.6% and 10%. Data storage names also featured prominently among the S&P 500’s top gainers, with SanDisk surging 27.6%, Western Digital climbing 16.8%, and Seagate rising 14%. Separately, Nvidia CEO Jensen Huang said at the CES conference in Las Vegas that the company is seeing strong customer demand in China for its H200 AI chips.

Recovery. VN-Index closed at 1,816.27 (+27.87 points, +1.56%) with liquidity exceeding the 20-day average. Market breadth showed 167 gainers and 153 losers. STB, FPT, and MCH were the primary drags on the market, while VHM, GAS, and MBB were the top contributors to the index's gains. Foreign investors were net sellers of 387 billion VND, focusing on VIC and VHM

Trading Strategy: Short-term investors may consider participating in stocks showing strong upward signals above the 20-day moving average (MA20), such as the banking, oil & gas, and utilities sectors. Medium-term investors can view pullbacks toward the 1,720 level as favorable opportunities for disbursement.