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VCSC Daily - Market up on rate cut expectation – FPT 1Q results

Markets soar on rate cut speculation, property leads. The markets were thrilled by Vietcombank’s early move to lower deposit interest rates over the weekend, signalling a similar drop in lending rates could soon follow. By the end of trading, the VNI was up 13 points (2.75%) to 488.32. The HNI did not lag behind, gaining 2.84% to 60.74. Turnover improved by 1.5 times with foreigners accumulating nearly VND110bn on both bourses.