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▶ The market opened with a slight decrease gap of 0.90 points after the previous days adjustment session. The index was under selling pressure in the early morning session due to concerns about the proposed securities tax but immediately returned to the uptrend. The uptrend spread well across many industry groups.  ▶ At the end of the trading session, the VN-Index increased by 24.49 points (+1.65%), to 1,509.54 points; the HNX-Index increased by 2.06 points (+0.84%), reaching 247.85 points. Although remaining above the 20-session average, the liquidity of the whole market decreased compared to previous sessions, reaching VND 37.5 trillion, equivalent to only about 1.517 million shares traded. Foreign investors net sold VND 1.751 billion in todays session, mostly concentrated in VJC, SSI and SHB. On the other hand, HPG, TPB and VCB were the stocks that foreign investors bought the most. ▶ Technical perspective: VN-Index opened with a slight correction to around 1,480 points, equivalent to EMA9. However, with the main trend being up, the cash flow waiting outside quickly entered to catch the bottom. VN-Index immediately reversed the decline and increased sharply by nearly 25 points at the end of the session. VN-Index is still trading above all 3 EMA20/50/200 lines, with the support of institutional cash flow behind, the main trend of the market, according to our assessment, is still an uptrend. In the positive case: After strong buying pressure appeared around 1,480 points, VN-Index sent a positive signal to the market. The market is likely to continue to increase points towards 1,600 points. In the negative case: Overwhelming selling pressure causes VN-Index to lose EMA20 and EMA50 points, along with unfavorable economic information that could push VN-Index back to a sideways state within a wide range. Strategy: In technical correction sessions, investors can consider disbursing part of the investment in stocks with good business results expectations and benefiting from market upgrade expectations. Investors can consider investing in stocks that have attracted foreign cash flows recently, such as banking and real estate.  

Diverging movements. US stock futures held steady on Tuesday following a volatile session to start the week. On Monday, the S&P 500 and Nasdaq Composite hit fresh record highs, driven by strength in technology stocks, before paring gains late in the day. The Dow underperformed, closing slightly lower. Among individual movers, Alphabet rose 2.7% ahead of its earnings report on Wednesday, while other megacap tech names also advanced: Amazon gained 1.4%, Netflix 2%, and Meta 1.2%. So far, more than 85% of S&P 500 companies reporting have topped expectations, with Big Tech expected to drive much of the projected 6–7% earnings growth for the quarter. Investors now turn their attention to upcoming earnings from Philip Morris, Coca-Cola, and Lockheed Martin on Tuesday, as well as comments from Federal Reserve Chair Jerome Powell at an event in Washington.   Healthy pullback. VNINDEX closed at 1,485.05 (-12.23 points, -0.82%) with liquidity above the 20-session average. The market had 118 stocks increasing and 203 stocks decreasing. The stocks contributing the most to the markets increase were VPB, HVN, LPB while VIC VHM TCB contributed to the markets decrease. Foreign investors net bought about 181 billion, the value mainly concentrated in VPB and VIC stocks.   Trading Strategy: In technical correction sessions, investors can consider disbursing part of the investment in stocks with good business results expectations and benefiting from market upgrade expectations. Investors can consider investing in stocks that have attracted foreign investors recently, such as banking and real estate.    

▶ The market opened the trading week with a gap up 6.32 points, following the previous trading weeks increase. The index was under selling pressure throughout todays trading session after information related to real estate tax negatively affected the industry. The index closed below the reference level despite foreign investors returning to net buying.  ▶ At the end of the trading session, the VN-Index adjusted 12.23 points (-0.82%), to 1,485.05 points; the HNX-Index decreased 1.98 points (-0.80%), to 245.79 points. The liquidity of the whole market remained high, above the 20-session average, reaching VND39.2 trillion, equivalent to only about 1.715 million shares traded. Foreign investors returned to net buying VND175 billion in todays session, focusing mostly on VPB, VIC and SII. On the other hand, VCB, FPT and VIX were the stocks that foreign investors sold the most. ▶ Technical perspective: Profit-taking pressure appeared in the afternoon session after the VN-Index approached 1,500 points. Real estate stocks decreased after many consecutive hot sessions. The decline was at an average amplitude, focusing on a few hotly increasing industry groups and foreign investors and self-employed traders maintained a slight net purchase. We have not seen any signs of a sell-off during the trading session. The VN-Index is currently trading above all three EMA20/50/200 lines, with the support of institutional cash flow behind, the main trend of the market, according to our assessment, is still an uptrend. In the positive case: In the correction sessions, buying pressure appears around the 1,400-1,450 point area, helping to open up suitable buying points to increase positions. Information about good growth in Q2/2025 business results and market upgrade could be the key factors helping the market maintain its upward momentum in the coming time. In the negative case: Overwhelming selling pressure causes VN-Index to lose EMA20 and EMA50 points, along with unfavorable economic information that could push VN-Index back to a sideways state within a wide range. Strategy: In technical correction sessions, investors can consider partial disbursement in stocks with good business results expectations and benefit from market upgrade expectations. Investors can consider investing in stocks that have attracted foreign cash flows in recent times such as banks and real estate.  

August 1 is a “hard deadline” for tariff payments. US stock futures edged higher on Monday as traders braced for a busy week of big-tech earnings, led by Alphabet and Tesla. Later today, Verizon, Domino’s Pizza and Cleveland-Cliffs are among the companies scheduled to release their quarterly results. So far this earnings season, more than 86% of the 59 S&P 500 firms that have reported have beaten expectations, according to FactSet. Investors also monitored trade developments after Commerce Secretary Howard Lutnick reiterated that August 1 is a “hard deadline” for tariff payments, while leaving the door open for continued negotiations. Last week, the S&P 500 and Nasdaq Composite climbed 0.59% and 1.51%, respectively, each reaching fresh all-time highs, while the Dow slipped 0.07%.   Right below the historical peak. The VN-Index closed the week at 1,497.2 points (+39.52 points, or +2.71%) on the weekly chart, with liquidity continuing to hit new highs. However, foreign net buying dropped to just over VND 1,000 billion, compared to over VND 5,000 billion the previous week. The index continued to rise sharply, led by large-cap stocks, particularly VIC and VHM. Meanwhile, mid-cap stocks also saw explosive growth in both liquidity and index performance. At this stage, the market is in overbought territory after five consecutive weeks of gains without correction. The RSI indicator is also signaling overbought conditions.   Trading Strategy: In technical correction sessions, investors can consider disbursing part of the investment in stocks with good business results expectations and benefiting from market upgrade expectations. Investors can consider investing in stocks that have attracted foreign investors recently, such as banking and real estate.

Highlights: According to CBS News, during a meeting on July 15, Donald Trump asked a group of Republican lawmakers whether he should fire the Federal Reserve Chair. The attendees reportedly expressed agreement. Starting January 2026, only electric vehicles will be eligible for new ride-hailing contracts. From 2027, gasoline-powered cars will be restricted during peak hours, and by December 2029, they will be completely banned from ride-hailing services. Prime Minister Pham Minh Chinh stated that the government aims for national GDP growth of 8.3–8.5% in 2025, laying the groundwork for achieving double-digit growth in the following period. Technical View: The VN-Index closed the week at 1,497.2 points (+39.52 points, or +2.71%) on the weekly chart, with liquidity continuing to hit new highs. However, foreign net buying dropped to just over VND 1,000 billion, compared to over VND 5,000 billion the previous week. The index continued to rise sharply, led by large-cap stocks, particularly VIC and VHM. Meanwhile, mid-cap stocks also saw explosive growth in both liquidity and index performance. At this stage, the market is in overbought territory after five consecutive weeks of gains without correction. The RSI indicator is also signaling overbought conditions. Investment Idea: Investors may consider buying during market pullbacks toward the MA10/MA20 support levels. For high-beta stocks such as those in the financial sector, caution is advised—avoid chasing prices. In strong rallies, if short-term targets have been reached, investors should prioritize taking profits and wait for new opportunities to emerge.