Daily/Weekly Report

Stocks closed largely flat and capped off six sessions of consecutive gains on profit taking amid some renewed concerns that COVID-19 could worsen trade relations between the US and China

Stocks closed near the high of the day and rose for the sixth consecutive session on expectations that the State Bank of Vietnam will soon cut rates to boost the economy

[Market Commentary] Stocks rallied for the fifth consecutive day as the reopening proceeded without any new coronavirus cases [Futures/ETFs] Futures outpaced the VN30 cash index as locals turned to May contracts to trade the reopening of the economy [Market Movers] EIB, VPB

Stocks extended the rally to four sessions after foreigners turned to net buyers for the first time in twenty-six consecutive sessions

[Market Commentary] Stock rallied into the close after the Prime Minister announced the re-opening of most remaining non-essential services with no new community-transmitted COVID-19 cases in the past 21 days [Futures/ETFs] Futures surged and the basis closed positive as foreigners scrambled to cover short positions after the late-day rally in the VN30 cash market [Market Movers] BVH [Macro/Strategy] MoF Market Support Measures

[Market Commentary] Stocks surged after news came out that the Prime Minister committed to minimum 5% GDP growth for this year in a follow up speech made to government officials yesterday [Futures/ETFs] Futures closed at the high of the day after strong cash markets and foreign short covering sharply narrowed the basis [Market Movers] BHN

[Market Commentary] Stocks staged a modest rebound after the Prime Minister delivered a speech voicing his confidence that Vietnam’s GDP growth would beat the IMF’s 2.7% forecast [Futures/ETFs] Futures closed higher in light trading after the VN30 cash index staged an afternoon recovery and foreign buying narrowed the backwardation in the basis [Market Movers] HPG, GAS [Company Updates] GMD, MSN, PLX, HDB

[Market Commentary] Stocks closed lower after April macro data revealed the full impact from the COVID-19 lockdown and weak 1Q results weighed on individual stocks [Futures/ETFs] Futures fell in lighter trading on soft April macro data that led to weakness in the underlying VN30 cash index [Market Movers] SAB, POW [Macro/Strategy] April Macro Updates [Company Updates] PVD, VNM, BID, VSC, HVN, REE, POW

[Market Commentary] Stocks closed higher as banks rallied on lower April CPI and oil & gas stocks rebounded alongside higher oil prices during Asian trading [Futures/ETFs] The basis narrowed sharply after a market-on-close sell basket from the ETF rebalancing sends the VN30 cash index into negative territory [Market Movers] FRT, BMP [Company Updates] TCB, MWG, VIC, PVS

[Market Commentary] Stocks closed lower in mixed trading as falling oil prices continued to weigh on oil & gas stocks and investors digested earnings results [Futures/ETFs] Futures ended positive after Dow futures sparked a late-day rally but basis succumbs to local profit taking at the close [Market Movers] BID, HAG [Company Updates] VHM, VRE, PVT