Weekly Report

[Market Commentary] Stocks jumped with the slowdown in new COVID-19 cases and moved higher in the afternoon when the government added VND5 trillion (US$2.2 billion) to its universal income plan [Futures/ETFs] Futures surged and closed at the high of the day after the strong cash market triggered short covering by foreigners, while locals actively added to long positions throughout the morning session [Market Movers] HVN, HPG [Macro/Strategy] 1Q Industrial Production

[Market Commentary] Stocks rallied on a rosy economic outlook from the Asian Development Bank led by retailers on positive 1Q preview from Mobile World Investments and oil & gas stocks on the overnight bounce in oil prices [Futures/ETFs] The late-day surge in the VN30 underlying cash index triggered unwinding at the close as locals took profit on intraday long positions and foreigners covered short positions [Market Movers] HVN, MWG

[Market Commentary] Stocks bounced back after the Government reaffirmed continuous operations for transportation, distribution and financial services, as well as essential services and exports during the nationwide lock down [Futures/ETFs] Futures held gains despite the sharp down move in US futures during Asian trading hours that led to another collapse in the basis at the open of the afternoon session [Market Movers] VCS, PTB

[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