* MoIT decides to launch anti-dumping (AD) investigation into galvanized steel imported from China & South Korea
* MoIT confirms that HPG, Formosa’s filings for anti-dumping (AD) tariff on imported hot rolled coil (HRC) from China & India are complete, valid
* MBB EGM highlights: Electing new BOD and BOS member for 2024-2029 term; positive expectations for H1 2024 results
* GVR: Management optimistic about rubber price trend; IP project legal processes ongoing - AGM Note
* PVS: Potential significant earnings growth by 2025 due to substantial M&C backlog - AGM Note
* TV2: Positive outlook for Song Hau 2 Project, conservative 2024 guidance - AGM Note
* Market wrap: VN-Index declines 0.4% on Monday

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Market wrap: VN-Index declines 0.4% on Monday

The VN-Index declined 0.4% (-5.1 pts) on Monday to close the trading day at 1,274.8. Banks put the most downward pressure on the market, with five of the top ten stocks negatively affecting the index originating from the sector. Throughout the index, there were 169 gainers, 275 laggards, and 60 stocks that were unchanged. Total trading volume decreased compared to the previous trading day to USD899.7mn.  

* The five banks referenced above were BID (-2.1%), VCB (-0.5%), TCB (-1.02%), HDB (-1.7%), and VIB (-2.0%). VPB (+0.3%) and MBB (+0.7%) gained.  

* The real estate sector saw a mix of performances. VHM (+0.3%) and KDH (+0.1%) were the only large-cap gainers, while BCM (-1.4%), VRE (-1.4%), and NVL (-0.4%) fell. VIC (0.0%) was unchanged. * Notable large-cap decliners in other sectors were utility company GAS (-1.8%), technology company FPT (-1.7%), retailer MWG (-1.6%), oil & gas company PLX (-1.5%), and securities company SSI (-0.6%).  

* Stocks that saw gains of note included steel makers HPG (+1.2%) and HSG (+6.8%), rubber producer GVR (+1.1%), beer maker SAB (+0.3%), airline HVN (+2.6%), and retailer FRT (+0.6%).

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