Daily/Weekly Report

[Market Commentary] Stocks surged and closed at the high of the day after recording the largest single-day gain since July 2009 [Futures/ETFs] April contracts gapped up at the open and closed near the high of the day as the cash market rebounded strongly [Market Movers] FPT, DBC

[Market Commentary] Stocks crashed after the VND spiked and a second wave of new COVID-19 cases threatened lockdown measures that could shut down the domestic economy further [Futures/ETFs] Futures closed limit down as the cash index crashes on failed US stimulus bill, spike up in local COVID-19 cases over the weekend and weakness in the VND [Market Movers] MWG, GTN, ACV

[Market Commentary] ETF rebalancings triggered large sell baskets that knocked heavy weight Vin family stocks limit down at the close [Futures/ETFs] The basis tightened as foreigners covered short positions at the close and market-on-close selling from ETF rebalancings knocked down the VN30 index [Market Movers] HVN, NVL

[Market Commentary] The Ministry of Finance’s cuts and exemptions to securities fees helped stocks modestly narrow losses after opening sharply down in the aftermath of ECB stimulus [Futures/ETFs] March futures traded for most of the day in contango into today’s expiry, while foreigners rolled over short positions to April contracts [Market Movers] VCB, VIC

[Market Commentary] Stocks turned positive in the closing minutes after weak S&P futures spooked the market into negative territory [Futures/ETFs] Futures tumbled in the afternoon session after S&P 500 futures hit limit down in Asian trading, with foreigners adding fresh short positions to April contracts [Market Movers] REE, CII [Macro/Strategy] Central bank cuts policy rate

[Market Commentary] Stocks rebounded on State Bank of Vietnam rate cuts and support measures from the State Securities Commission [Futures/ETFs] The basis traded in and out of contango in a healthy day of trading as futures rallied back after the central bank cut rates [Market Movers] FPT, CTG [Macro/Strategy] Fed cuts rates to near zero

[Market Commentary] Stocks plunged in the afternoon session alongside regional markets as COVID-19 fears mount, with Vietnam announcing 13 more cases over the weekend [Futures/ETFs] The basis collapsed at the close despite heavy covering of intraday short positions after locals actively sold March contracts in the morning session [Market Movers] VIC, HPG, POW

[Market Commentary] Stocks gapped down at the open and recovered from morning session lows on market stabilization measures from the State Securities Commission but failed to close positive after joining the regional rebound [Futures/ETFs] March contracts surged after the lunch break as the regional bounceback triggered local short covering [Market Movers] HPG, TRA

[Market Commentary] Stocks gapped down at the open and remained weak throughout the day after the WHO declared COVID-19 a pandemic and S&P futures collapsed further during Asian trading hours [Futures/ETFs] Locals dumped March futures after bets for a late-day rebound failed and foreigners began early rollovers to June contracts [Market Movers] FPT, TPB [Company Updates] Company Visit Note: Becamex IDC (BCM: Upcom)

[Market Commentary] Stocks collapsed in the afternoon session after Mobile World Investment reported a worker at its grocery store chain as a new COVID-19 case [Futures/ETFs] The basis collapsed to as deep as minus 30.27 after news broke of a new COVID-19 case at a Dien May Xanh store in Da Nang [Market Movers] MWG, VIC [Macro/Strategy] March Inflation