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Long positions on VN30F2307 should be held and stop the loss when there is the closing price below 1,100 pts level (Hourly chart).

The money market this week seems to neutralize the impact of SBV’s policy rate cut last week as interbank rates rebounded slightly and the dong regained its strength against the U.S. dollar. However, the G-bond yield recorded a fresh low possibly due to its alternative nature for sluggish lending activities. For the next week, GSO will unveil Vietnam’s economic situation through its June report. Hence, we predict the money market to be balanced heading to the next government's assessments and responses to the update of economic performance.

PLX approved its conservative 2023F guidance of petroleum volume of 13mn ton (-7% yoy), VND190tn revenue (-38% yoy) and VND3.2tn PBT (+42% yoy). Shareholders approved a cash dividend of VND700/share for 2022, and targeted a cash dividend of VND1,000/share for 2023F.

Weak demand weighted continuously on MWG’s May business results, MWG recorded a 10% decrease yoy in revenue to VND10,297bn but was up +6% mom, prompting total revenue of MWG to reach VND59.3tn (-21% yoy) in 5M23.

The trading interest has started to spread to all cover warrants which have different underlying assets. This is the first signal for the active trading environment.

Long positions on VN30F2307 should be held and stop the loss when there is the closing price below 1,085 pts level (Hourly chart).

Inflow across ETFs in Vietnam strongly increased, recorded at USD17mn. In general, inflows into Vietnam still increased and remained on major ETFs. In this case, the demand for funds in Vietnam is still very optimistic and the expectation of positive inflows will be maintained in the context that the stock market is showing positive movements.

The market maintains an uptrend along with high liquidity, showing this is a good signal. Further, the VNIndex also closed above the 10-period moving average. Therefore, investors should open long positions and focus on leading stocks.

The US-China tech war has led to significant impacts on manufacturers, resulting in a shift from China to Vietnam. The escalating trade tensions between the two countries, coupled with increasing tariffs and export controls, have created a challenging environment for tech companies reliant on Chinese manufacturing. As a result, many manufacturers have started diversifying their supply chains by moving production to Vietnam.

The rebound phase is confirmed as well as bullish momentum is active. Thus, traders could open the long positions on leading stocks. However, position size should be low due to the active selling pressure near 1,150 pts area.