Vietcap Daily - VN-Index slides 0.4% on Monday

* Market wrap: VN-Index slides 0.4% on Monday

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Market wrap: VN-Index slides 0.4% on Monday

The VN-Index slid by 0.4% (-5.3 pts) on Monday to close the trading day at 1,280. The market’s decline was largely influenced by downward pressure from the large-cap VN30 group, which only had six gaining stocks among its members. Throughout the index, there were 148 gainers, 259 laggards, and 68 stocks that were unchanged. Total trading volume increased significantly compared to the previous trading day to USD736.0mn.

* Real estate stocks VHM (+1.9%), VIC (+1.4%), VRE (+1.8%), and KDH (+0.8%) were in the top-ten tickers easing pressure on the market. BCM (-2.1%) plunged and KBC (-0.9%) fell. * Banks VCB (-0.4%), BID (-0.6%), CTG (-1.0%), and MBB (-0.4%) declined while TCB (+0.5%) and VPB (+1.3%) gained. ACB (0.0%), LPB (0.0%), and HDB (0.0%) were unchanged.

* Two food & beverage companies had a strong negative effect on the index, as conglomerate MSN (-2.2%) and milk producer VNM (-2.0%) sharply declined. Beer maker SAB (-0.4%) edged down.

* Other noteworthy laggards were technology company FPT (-1.2%), rubber producer GVR (-1.1%), jewelry retailer PNJ (-5.8%), utility company GAS (-0.6%), and airline HVN (-3.4%).