Daily/Weekly Report

Stocks posted modest rebounds, comforted by the Prime Minister's assertion that domestic economy has been in a V-shaped recover and may reached 2.5-3% in 2020E

Stocks sank lower, tracking steep losses on the US Coronavirus-hit market ahead of the hotly-contested presidential election on November 3

Strong sell-down pushed Vietnamese stocks down sharply amid concerns about alarming COVID-19 cases worldwide and unpredictable US presidential election

Stocks were led down by the recently announced 3Q bad debt increases in banks like Military Bank (MBB, -2.7%) & Sacombank (STB, -5.7%).

Vietnamese and regional stocks together with the Dow futures sank due to skyrocketing COVID-19 infections in the US and Europe

Stocks ended higher from expectations about recovered 3Q earnings of large caps which led the uptrend in VN30 basket with 19 advancers

Stocks rebounded after Standard Chartered projected Vietnam's 2020E economic growth at 3%

Banks' 3Q weak performance weighed on the benchmark VNIndex

Stocks picked up after the Prime Minister estimated 2020E GDP growth at 2-3%

Vietnamese stocks advanced toward Asian stock market rallies thanks to expectations of a COVID-19 vaccine, and the US fiscal stimulus