Vietnam Insight

Continue monitoring developments in the US-Iran peace negotiations. US stock futures were little changed on Wednesday after the major averages closed at a new record high in the previous session. On Tuesday, the Dow advanced 0.45%, the S&P 500 gained 0.13%, and the Nasdaq Composite edged up 0.03%. Eight of the 11 S&P sectors closed in positive territory, with utilities, materials, and industrials leading the gains. Technology shares also remained in focus, particularly among semiconductor manufacturers and AI infrastructure firms. Hewlett Packard Enterprise jumped 19.5% after raising its outlook on the back of strong AI-related demand, while Marvell Technology surged 32.5% following comments from Nvidia CEO Jensen Huang suggesting the company could become the next trillion-dollar enterprise. Investors also continued to monitor developments in US-Iran peace negotiations, where mixed signals from both sides kept geopolitical uncertainty elevated.

Accumulating ahead of a breakout. The VN-Index closed the trading session at 1,826.47 points (-18.07 points, -0.98%), with trading volume remaining below the 20-day average. 87 stocks rose, while 226 declined. Stocks positively impacting the index included FPT, BVH, and ACB; while CTG, VCB, and VHM negatively affected the index. Foreign investors net sold VND 543 billion, mainly focusing on HPG and HDB. Meanwhile, they net bought FPT (VND 482 billion).

Trading Strategy: Investors may focus on stocks with sideways consolidation patterns and strong earnings growth rather than concentrating solely on VN-Index fluctuations for medium-term positioning. In the short term, opportunities may emerge in heavily sold off stocks showing signs of recovery, such as insurance, technology, and real estate sectors. Investors should limit the use of margin when the trend is not clearly defined during this period.

Sell Recommendation: PC1, PDR

Current trading portfolio: VGC, PC1, PDR; Watchlist: HPG,  KDH, MBB, CTD