Vietcap Daily - VN-Index declines 0.5% to open week

* Power Sector: MoIT proposes adjustments to PDP VIII
* PC1: 68% surge in post-audit H1 NPAT-MI, VIX becomes new major shareholder
* VTP to establish delivery and logistics business in Laos
* Market wrap: VN-Index declines 0.5% to open week

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Market wrap: VN-Index declines 0.5% to open week

On Monday, the VN-Index declined 0.5% (-6.2 pts) to close the trading day at 1,267.7. The real estate and banks sectors contributed the most to the index’s decline. Throughout the market, there were 104 gainers, 282 laggards, and 85 stocks that were unchanged. Total trading volume plunged compared to the previous trading day to USD473.8mn.

* In real estate, VHM (-2.1%), VIC (-2.1%), BCM (-1.1%), and TCH (-2.2%) posted significant losses in their share prices. NVL (+1.5%) surged.

* Banks BID (-0.5%), TCB (-0.7%), VPB (-0.5%), and STB (-1.3%) fell and there were no large-cap gainers in the sector.

* Utilities stocks performed well as GAS (+0.7%), REE (+0.8%), BWE (+2.2%), and GEG (+0.9%) gained.

* Some notable laggards from other sectors were milk producer VNM (-0.8%), food & beverage conglomerate MSN (-0.8%), tech company FPT (-0.6%), retailer MWG (-0.7%), and airline HVN (-2.6%).