Vietcap Daily - VN-Index falls 1.1%, numerous real estate & bank stocks plunge

* SAB announces detailed execution plan to increase its stake in Sabibeco from 22.7% to 65.9%

* ACB: Weaker-than-expected NOII weighs on earnings - Earnings Flash

* MSN: 9M NPAT-MI, consumer-retail EBIT exceed our forecast; Chairman’s daughter registers to buy 0.66% stake – Earnings Flash & News

* QNS: 14% YoY earnings growth led by strong sugar profit – Earnings Flash

* Vietnam Macro Note: SBV announces readiness to sell USD

* Market wrap: VN-Index falls 1.1%, numerous real estate & bank stocks plunge

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Market wrap: VN-Index falls 1.1%, numerous real estate & bank stocks plunge

The VN-Index fell 1.1% (-13.5 pts) on Thursday to close the trading day at 1,257.4. Numerous real estate and bank stocks plunged by more than 2%. The number of laggards (284) was more than double the number of gainers (102), while 52 stocks were unchanged. Total trading volume surged compared to the previous trading day, reaching USD625.7mn.

* In the banks sector, TCB (-2.3%), VPB (-2.2%), MBB (-2.2%), and STB (-6.7%) plunged. VCB (+0.2%) was the sole large-cap gainer.

* Real estate stocks VHM (-6.7%), VIC (-2.7%), VRE (-2.7%), and KBC (-1.7%) sharply declined. BCM (+0.3%) and KDH (+1.1%) gained.

* Other notable laggards across sectors included rubber producer GVR (-1.8%), food & beverage conglomerate MSN (-1.1%), retailer MWG (-0.5%), oil & gas company PLX (-1.3%), and utility companies POW (-1.2%) and PGV (-1.5%).

* Some of the noteworthy gainers in the index were milk producer VNM (+1.6%), utility company GAS (+0.1%), tech company FPT (+0.1%), jewelry retailer PNJ (+0.2%), and insurance company BVH (+0.4%).