Weekly Report

[Market Commentary] Stocks started the day strong on positive economic forecasts from the World Bank but fell sharply on fears of a stock market shutdown after the PM announced a nationwide lockdown until mid-April [Futures/ETFs] The basis collapsed and cut short the rebound in futures after the cash market suddenly tumbled and turned negative in the afternoon [Market Movers] PPC, PVD

[Market Commentary] Initial 1Q GDP release fell short of expectations and sent stocks sharply lower despite the first net foreign buying in 33 days [Futures/ETFs] Futures fell as locals aggressively shorted contracts after the release of weak preliminary 1Q GDP and trade figures following the lunch break [Market Movers] CTG

[Market Commentary] Tighter corona lockdown measures cut short the stimulus-led rally as stocks end lower despite the second-day of rebound in Vin family names [Futures/ETFs] Futures closed at the low of the day with the basis weakening throughout the session on local selling, while foreigners covered short positions in the close [Market Movers] MWG, VGC

[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