Daily/Weekly Report

The S&P 500 and Nasdaq on the US market closed at a record high yesterday/The WB has lowered the forecast GDP growth rate of Vietnam in 2019 to 6.6%/ Investors can still buy first at support zones and sell later at resistance zones to follow the dominant uptrend

Vietnam trade deficit reached USD750 billion in the first half of April 2019/With the current fluctuations, investors are recommended to apply short-term trading strategy for only a part of the portfolio. It should be noted that it is necessary to set a stop loss if the indexes lose the near support - It is considered a key point determining the ability to keep the short-term uptrend.

The cash flow trend has become more unpredictable, while interbank interest rates have not cooled down as the SBV continued to buy foreign currencies in the trading week of April 15-19/ Crude oil prices skyrocketed to USD74 per barrel in today trading session

The trade deficit in February in the US hit the 8-month lows/ Investors are recommended to choose correcting sessions to re-open some short-term trading positions

According to the latest report on April 17, the Ministry of Industry and Trade – Ministry of Commerce has decided to raise the price of E5RON92 by VND1.115 to the maximum level of VND19.703 per liter./ Asian stock markets simultaneously rose in April 17 trading session/ Investors are recommended to choose correcting phases during the session to reopen some short-term trading positions sold previously.

Liquidity in the banking system was less abundant in the trading week from April 08 to April 12/ Domestic petrol prices were still under the pressure of going up in the adjustment on April 17/Investors with high risk tolerance can re-open some short-term positions with better-than-average stocks in the diverging market, but should be cautious and prepare backup risk management plans if the VIC performance becomes worse.

Preliminary assessment on the new draft replacing Circular 36/SBV - Investors can apply the 1st sale - buy later strategy for the current positions.

JSC Vincom Retail announced impressive 2018 business results with net profit of VND 2,413 billion, up 19% compared to 2017/ Investors are recommended to avoid chasing at high range in the session, continue to combine short-term trading strategies to sell first to reduce the cost of holding positions in the portfolio.

The new dumping tax on shrimp exports from Vietnam is 0% for 31 companies/ After reducing short-term positions, investors are advised to wait for a plunging session after accumulating stocks again.