* POW: To invest in a 30% stake in Quang Ninh LNG-fired power plant
*  Vietnam Strategy Update: Ten laggards for re-opening catch-up
*  HT1: Expect solid rebound in 2022 but valuation expensive – Update
*  VHC: Favorable demand-supply dynamics – Update
*  KBC: Loss in Q3 due to weak sales and high interest expenses - Earnings Flash
*  HND: Termination of coverage
*  Market wrap: Financials weighed on the VNI

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Market wrap: Financials weighed on the VNI 

The VNI gave up its early gain to close with a 0.28% loss at 1385.4. Foreign investors were net sellers by VND1,228 billion (USD 54.4 million), focusing on VJC, HPG, NLG, VHM and KBC.  

* Despite BVH and BMI soaring to the daily ceiling due to news that the government will push to divest its stakes, the financial sector was the largest contributor to the index’s loss, led by TCB (-2.7%), TPB (-2.8%), VIC (-2%) and MBB (-1.1%).  

* Steel tickers such as HPG (-2.8%), HSG (-4.1%) and NKG (-5.8%) also witnessed significant declines.

* Real estate stocks traded mixed as VHM, BCM, VIC, NVL and KDH gained while VRE, PDR, DXG and DIG dropped.

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