Vietcap Daily - VN-Index declines 0.8% as variety of major stocks fall

* PVD awarded drilling contract from Pertamina (Indonesia)

* VIB seeks shareholders’ opinions regarding cash dividend advance payment plan

* SIP: Resilient IP land sales cash inflow; attractive valuation - Update

* Market wrap: VN-Index declines 0.8% as variety of major stocks fall

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Market wrap: VN-Index declines 0.8% as variety of major stocks fall

The VN-Index closed at 1,094 on Thursday, a decline of 8.7 points (-0.8%). Large-cap stocks from a variety of sectors declined, including the majority of the VN30 group. In total, 138 stocks gained, 89 were unchanged, and 362 decreased. Total trading volume rose to USD605.6mn.

* There were no significant gainers in the banking sector. VCB (-0.5%), BID (-1.2%), VPB (-0.8%), and TCB (-1.3%) fell while CTG (-0.04%) was essentially unchanged. These results had a significant negative effect on the session.

* Another sector negatively impacting the market was food & beverage. VNM (-1.5%), MSN (-3.8%), and SAB (-1.8%) dropped.

* After four consecutive up sessions, real estate firm VIC (-1.9%) declined. VHM increased for its fifth straight session while VRE (-4.7%) plummeted.

* Other notable laggards were GAS (-1.7%), steel maker HPG (-1.7%), and airline VJC (-4.5%).