Vietcap Daily - VN-Index slides 0.3%

* Masan Consumer Corporation (MCH): BOD approves listing plan on HOSE; MCH seeks shareholder approval on (1) interim cash dividend for FY2024 and (2) rights issue at 45.1%
* Market wrap: VN-Index slides 0.3%

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Market wrap: VN-Index slides 0.3%

The VN-Index slid 0.3% (-4.4 pts) to close the trading day at 1,287.8. Multiple sectors saw downward movement including banks, real estate, and financial services, among others. Throughout the index, there were more than three times as many laggards (299) as gainers (96), while 73 stocks were unchanged. Total trading volume fell sharply compared to the previous trading day to USD718.1mn.

* In the banks sector, VCB (+0.2%), BID (+0.2%), and TCB (+1.01%) gained. CTG (-1.4%), VPB (-1.01%), HDB (-1.6%), and LPB (-0.8%) declined.

* Real estate stocks VIC (-0.6%), VHM (-0.1%), BCM (-1.1%), and VRE (-1.03%) declined as KBC (-2.1%) and PDR (-3.8%) plunged.

* In the financial services sector, SSI (-0.7%), VND (-2.3%), HCM (-1.1%), and VCI (-0.3%) fell.

* Other significant laggards were steel maker HPG (-1.7%), beer maker SAB (-1.6%), airline HVN (-1.2%), and retailer MWG (-0.6%).