Vietnam Insight

Signals of peace negotiations, global markets rebound strongly. US stock futures held steady on Thursday after the major averages staged a rebound in the previous session, driven primarily by strength in technology and semiconductor shares. Geopolitical tensions also showed signs of easing as Trump sought to calm markets by offering risk insurance and naval escorts for commercial vessels transiting the Persian Gulf, while reports indicated that Iranian operatives had reached out to the US to explore potential peace talks. Meanwhile, Bessent said Trump’s recently announced 15% global tariff is expected to take effect later this week. In regular trading on Wednesday, the Dow advanced 0.49%, the S&P 500 added 0.78%, and the Nasdaq Composite jumped 1.29%. Among notable tech movers were Nvidia (1.7%), Tesla (3.4%), Micron Technology (5.6%), Amazon (3.9%), and SanDisk (6%). Investors now turn their focus to the latest weekly jobless claims data, along with earnings reports from Kroger, Costco, and Marvell Technology, among others.

Retesting the support at 1,820 points. VNINDEX closed at 1,818.27 (+5.13 points, +0.28%) with liquidity remaining high, increasing by over 40% compared to the 20-session average. The market recorded 90 gainers and 250 losers. Stock groups exerting the most downward pressure on the index were GVR, TCB, and GEE, while GAS, BID, and MCH were the primary drivers of the index's gains. Foreign investors were net sellers of 1,683 billion VND, focusing their divestment on FPT, POW, and VHM.

Trading Strategy: Medium- to long-term investors may consider accumulating stocks that have not yet risen significantly and are forming tight consolidation bases. However, as the index has already rallied strongly and is approaching higher resistance levels, it is preferable to hold existing positions and be ready to take short-term profits rather than initiate new buys, particularly for stocks that move in line with the broader market. For short-term investors, it may be prudent to stay on the sidelines and observe, given that geopolitical risks remain relatively difficult to predict.

Buy Recommendation: HPG