Vietcap Daily - VN-Index advances 0.5%

* Fed cuts interest rates by 50 basis points

* Energy Sector: EPCI#2 fabrication kick-off confirms Block B project on track for first gas in 2027, slightly ahead of expectation

* LPB's 2024 EGM Documents Update

* Market Wrap: VN-Index advances 0.5%

----------------------------------------

Market Wrap: VN-Index advances 0.5%

The VN-Index advanced 0.5% (+6.4 pts) to close the trading day at 1,271.3. This marks the third consecutive trading day of index gains and the fourth straight session of net buying by foreign investors. Throughout the index, there were 240 gainers, 122 laggards, and 100 stocks that were unchanged. Total trading volume plunged compared to the previous trading day to USD581.3mn.

* Banks VCB (+0.6%), BID (+0.4%), CTG (+0.8%), TCB (+0.9%), and VPB (+0.5%) gained and MBB (0.0%) was unchanged.

* In real estate, VHM (+0.6%), VIC (+0.6%), VRE (+1.6%), and BCM (+0.7%) saw their share prices increase. KBC (+5.9%) surged.

* Gaining stocks to note in other sectors were steel maker HPG (+0.6%), tech company FPT (+0.5%), rubber producer GVR (+0.4%), utility company GAS (+0.4%), and oil & gas company PLX (+0.8%).

* Laggards from other sectors were utility company POW (-1.6%) and PGV (-1.2%), jewelry retailer PNJ (-1.1%), sugar producer SBT (-3.3%), and airline HVN (-0.5%).