Daily/Weekly Report

[Market Commentary] Banks led the bounce back in stocks on hopes for foreign capital raisings and approval of a new financials ETF that should also facilitate more foreign investment into Vietnam. [Futures/ETFs] Trading volumes surged as foreigners covered short positions and chased the rally in futures before succumbing to profit-taking at the close. [Market Movers] ACV, MBB

[Market Commentary] Fears of a global spread in the coronavirus pummeled stocks as banks hit hard on worries of a prolonged outbreak. [Futures/ETFs] Futures gapped down below 850 at the open and closed at the low of the day after broad-based selling in the cash markets. [Market Movers] ACV, PNJ [Macro/Strategy] Tet holiday trading data

[Market Commentary] Bank shares weighed on the market after the State Bank of Vietnam formally asks banks to offer relief on interest payments due to the coronavirus [Futures/ETFs] Foreigners actively bought March contracts after futures failed to turn positive despite the VN30 index trading in positive territory for most of the day [Market Movers] VNM, MWG [Company Updates] An Phat Bioplastics (AAA)

[Market Commentary] Signs of stabilization and effective treatment for the coronavirus outbreak send stocks higher; Vin family names stage late-day rally [Futures/ETFs] Ramp up of Vin family names sparks selloff of intraday longs at the close; foreigners rollover short positions into March contracts [Market Movers] VCB, MCH

[Market Commentary] Stocks staged a modest recovery on the sixth day of no new coronavirus cases; shares in industrial parks surged again on hopes for Long Thanh approval. [Futures/ETFs] Local short covering spiked up February contracts by 0.6% in the closing auction as foreigners actively rolled over to the March contract [Market Movers] DIG, SSI

[Market Commentary] Sell off in heavy weights extended correction to third session and industrial parks benefitted from approval of Becamex industrial park project in Binh Dinh province. [Futures/ETFs] Futures crashed in the closing auction as foreigners aggressively unwound long positions before Thursday’s expiry [Market Movers] MSN, YEG, SAB

[Market Commentary] Vin family shares weighed on the VN-Index on concerns that the EV-FTA may negatively impact the VinFast auto subsidiary [Futures/ETFs] Backwardation on February contracts narrowed on big swings in the Vin family names as the VN30 index staged a strong recovery to close in positive territory [Market Movers] PC1, VNM, VIC [Macro/Strategy] February Inflation

[Market Commentary] VNIndex closes modestly down as locals switch out of the VN30 ETF to buy cheaper futures and smaller private-sector banks rally on possibility of higher foreign-ownership limits with EV-FTA. [Futures/ETFs] Foreigners unwound long positions as locals switched to cheaper futures over the E1VFVN30 ETF, with the selldown of large caps at the close narrowing the basis. [Market Movers] PC1, TCM

[Market Commentary] The spike in coronavirus cases in China and more cautious GDP outlook from the MPl led to modest gains in stocks amid lackluster trading. [Futures/ETFs] Futures held 850 and traded higher in the afternoon session but closed negative on heavy local profit taking at the close. [Market Movers] FPT, SBT, VPB [Macro/Strategy] MPI tones down GDP again

Optimism from a recent global business survey and reports of recovering pork supplies sent stocks higher despite news of Vietnam’s fifteenth coronavirus patient