Weekly Report

Stocks crept higher, powered by heavyweight banks

Vietnamese stocks, especially securities like SSI Securities (SSI, +0.8%) and HCM Securities (HCM, +2.3%) were firmer after the Vietnam Securities Depository (VSD) reported a surge in newly opened securities accounts in September

Vietnam stock market saw modest losses as international flights to Vietnam had to be halted due to non-unanimous passenger distancing procedures

The benchmark VNIndex strengthened as all F1s exposed to the unconfirmed Coronavirus case in Hai Phong were tested negative for the virus

Stocks picked up again alongside global stocks, but rallies narrowed towards the end of the session due to rumors about a new COVID-19 infection in Hai Phong

The VNIndex closed up on promising 3Q macro data and the news the US President Donald Trump would be discharged from hospital soon

Vietnamese and global stocks posted losses after the US President Donald Trump caught COVID-19

The benchmark VNIndex closed higher on news of the State Bank's rate cut

Stocks rallied on the Private Economic Development Research Board proposal to reduce value added tax from 10% to 5%, and the MOLISA plan to expand the group of beneficiaries from the COVID-19 aid package worth VND62,000 billion

Stocks succumbed to strong sell-down amid rising investor caution ahead of the first US presidential debate in 2020, along with concerns that the one-million-passing COVID-19 death toll worldwide would delay the global economic recovery