Weekly Report

[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

[Market Commentary] Stocks recovered from lows and closed with modest gains after the Chairman of the State Securities Commission announced support measures in a speech given to calm investors [Futures/ETFs] Futures volumes surged after March contracts moved into positive territory with the recovery in S&P futures and spike in oil futures during Asian trading hours [Market Movers] MSN, GVR [Maco/Strategy] Oil: Portfolio Recommendations – Deleting PVS & Switching into KBC [KBSV Model Portfolio] Remove: PVS Add: KBC

[Market Commentary] Vietnam joined the global rout in stocks after new COVID-19 cases in Hanoi over the weekend and collapse in oil prices led to the largest single-day drop for the VN-Index [Futures/ETFs] Fresh foreign short positions weighed on futures as March contracts closed at the low of the day [Market Movers] PVI, PHR

[Market Commentary] Absence of covid-19 cases limited Vietnam’s downside and prevented the VNIndex and VN30 Index from revisiting lows amid ongoing regional concerns over the outbreak [Futures/ETFs] Local short covering into the close allowed March contracts to regain the 830 level after trading as low as 823 [Market Movers] VRE, SBT

[Market Commentary] Stocks managed to hold gains in mixed trading after pulling back on the quarantine of the air crew and passengers on a Vietnam Air flight from Japan [Futures/ETFs] The failure of March contracts to break out triggered heavy local profit taking late in the day, with futures ending negative despite the VN30 closing positive [Market Movers] DIG, GAB