Weekly Report

Construction material stocks led the VNIndex higher on the latest news about some public invested projects

Vietnamese and global stocks rebounded on news Moderna's COVID-19 vaccine proved 95% of protection and the suspected case in Hanoi was tested negative today

The news of a suspected COVID-19 case in Hanoi rattled Vietnamese stock market

Stocks posted gains in response to World Bank's rosy forecast about the recovery of Vietnam economy, which was ravaged by storms in the Central region but still managed to bring the IIP back close to the pre-COVID levels.

Stocks ended higher after Ministers from RCEP countries decided to sign a trade agreement at the next summit on November 15, 2020

The VNIndex rallied since the National Assembly approved the 2021E economic guidance indicating an GDP increase of 6%, GDP per capita of USD3,700 and CPI growth rate of 4%.

Stocks moved sideways as investors were cautious that the COVID-19 vaccine would not be available for mass production soon, while central banks might use less stimulus policies after the vaccine news

Vietnamese and global stocks cheered Joe Biden on his victory over Donald Trump in the US presidential election

Stocks traded higher after the Minister of Planning and Investment voiced its confidence that Vietnam GDP would reach 6% in 2021E

Increasing bad debts revealed in banks' 3Q statements led the VNIndex lower. VietinBank (CTG, -1.1%) & Bank for Investment and Development (BID, -1.8%) were the two noticeable laggards in the industry