Vietcap Daily - VN-Index edges down 0.2%, numerous blue chips fall

* POW: Prelim 9M recurring PBT completes 71% of our full-year forecast, broadly in line with expectation
* REE requests approval to research and develop 344MW wind power in Tra Vinh; long-term upside potential evident
* CNG: LNG business to drive long-term outlook - Visit Note
* Market wrap: VN-Index edges down 0.2%, numerous blue chips fall

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Market wrap: VN-Index edges down 0.2%, numerous blue chips fall

On Monday, the VN-Index edged down 0.2% (-2.1 pts) to close the trading day at 1,286.3. Only eight members of the large-cap VN30 group gained. Throughout the index, there were 146 gainers, 222 laggards, and 69 stocks that were unchanged. Total trading volume surged compared to the previous trading day to USD736.3mn.

* The banks sector had several laggards including VCB (-0.1%), CTG (-0.6%), TCB (-0.4%), VPB (-0.2%), and ACB (-0.6%). MBB (+1.2%) and STB (+0.3%) gained.

* Real estate company VHM (+4.0%) by far had the most positive impact on the market. VIC (+0.8%) and VRE (+0.8%) also saw their share prices increase. KDH (-0.4%), KBC (-0.7%), and NVL (-1.4%) declined.

* Other stocks helping negate downward pressure on the index were rubber producer GVR (+2.3%), utility company POW (+1.6%), securities company SSI (+0.7%), and logistics company STG (+6.5%).

* Some significant laggards were tech company FPT (-1.4%), steel maker HPG (-0.9%), retailer MWG (-1.4%), food & beverage conglomerate MSN (-0.9%), and milk producer VNM (-0.7%).