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VCSC Daily - VN-Index surges to five-week high on big gains from banks, VHM - GMD, KBC, PNJ, VJC, SSI

The VN-Index surged to a five-week high on Thursday as it rose 1.3% after US stocks increased in overnight trading amid expectations of a potential rate cut from the Federal Reserve later this month. Trading value on HOSE jumped to USD190.7mn. Financial tickers had a significant impact on the index. VCB (+4.2%) experienced its biggest single-day gain of 2019, BID (+2.2%) hit a six-week high and TCB (+2.9%) reached a three-week high. VHM (+3.7%) rose to a six-week high. VIC (+1.0%)