[MARKET NEWS] BANKS ARE DRIVING THE INDEX HIGHER

Some important notes:

– Foreign investors have net sold for 5 consecutive sessions after the Lunar New Year. The net selling volume in the past weekend session was mainly through the MSN stock agreement, with over 13 million MSN shares traded.

– We see that the charts of many stocks are in a 5th wave decline, oversold territory, or quite a few stocks have set new highs, which is a sign of an uptrend.

– Regarding cash flow, we see speculative activities based on news taking place, such as pushing up the mining sector (news that China banned the export of some minerals), or news about the Thu Thiem land auction (CII hit the ceiling thanks to its land fund in Thu Thiem),… When a risk rotation appears, this is often a good profit-making opportunity for the market, showing that investor sentiment is gradually shifting towards a more risk-preferring state.

– The highlight of the past weekend session was CTG stock setting a new high.

– The current news risk is the trade war initiated by President Trump with the intention of imposing tariffs on countries that levy high taxes on the US compared to the opposite. Considering all types of goods, Vietnam is a country that imposes lower tariffs than the US imposes on Vietnam, so overall, Vietnam may benefit in the short term from this trade war.

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