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VCSC Daily - VN-Index soars amid SBV's rates cuts - POW, VIC

Market wrap: VN-Index soars amid SBV's rates cuts. The VN-Index extended gain at the end of the session following the SBV's announcement to cut its policy rates by 25bps (find more details above). The index closed at 987.22 (+1.14%) to post its 2nd consecutive gain this week. For the whole week, it increased by 1.3%. Banking stocks rallied, led by VCB (+3%), BID (+3.1%), TCB (+3.2%) and CTG (+3.5%). MWG soared by 4.8% with strong matching volume to reach its all-time high.