VCSC Daily - Midcaps in real estate sector rally

* MSN announces the last capital raising round for The CrownX, attracting USD350mn in primary capital. BUY
* VEA: Passenger car and motorbike sales recovery exceed our expectations – BUY
* DGC: New project announcements imply upside to our forecasts - EGM Note
* VJC: Cost-cutting measures are bearing fruit - Earnings Flash
* Market wrap: Midcaps in real estate sector rally

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Market wrap: Midcaps in real estate sector rally

The VN30 index inched up by 0.09% to 1,520.8 as banking tickers lost steam at the end of the trading day. However, the VN-Index increased by 0.87% to 1,476.2 as midcap stocks in the real estate sector rallied.

* Real estate sector midcaps soared, including CII, DIG, NLG, SCR, FLC, NTL and ITA following news that a land auction in Thu Thiem, HCMC achieved prices of VND 2.4 billion per m2. Large caps in the sector, however, traded mixed as VHM (+1.5%) and KDH (+3.8%) gained but NVL (-0.8%) and PDR (-0.4%) dropped.

* Consumer stocks performed well as MSN (+1.5%), MWG (+0.6%), PNJ (+1.2%), HNG (+6.9%) and FRT (+5.4%) increased.

* Banking stocks, such as VPB (-1.1%), TPB (-2.9%), VCB (-0.4%), HDB (-2.1%) and TCB (-0.4%) declined, weighing on the VN30 index’s performance.