Vietcap Daily - VN-Index slides 0.5% - HDB, POW, PVS, VEA, VIB, PPC

* HDB to canvas shareholders’ opinions regarding reducing its FOL

* POW: Strong May sales volume, in line with our forecast

* PVS: AGM documents guide for ~3x share capital increase in 2024-2030

* VEA: Passenger car retail sales jump 29% YoY in May

* VIB’s 2024 EGM notes

* PPC: Lower-than-expected fixed component for Pha Lai 1 – AGM Note

* Market wrap: VN-Index slides 0.5%

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Market wrap: VN-Index slides 0.5%

The VN-Index slid 0.5% (-6.3 pts) on Tuesday to close the trading day at 1,284.4. The market’s downturn was primarily led by the banks sector. Throughout the index, there were 146 gainers, 301 laggards, and 63 stocks that were unchanged. Total trading volume surged to USD998.6mn.

* The banks in the top ten stocks negatively contributing to the index were VCB (-0.9%), BID (-0.6%), CTG (-0.9%), and LPB (-2.1%). TCB (+0.9%), VPB (+1.4%), and STB (+0.3%) gained.

* No large-cap real estate company in the index saw their share price advance. VIC (-0.6%), VHM (-1.9%), VRE (-1.8%), NVL (-3.4%), and SIP (-2.2%) declined.

* In consumer goods, food & beverage conglomerate MSN (-1.7%), milk producer VNM (-1.04%), beer maker SAB (-0.2%), and fish exporter VHC (-0.9%) lost value. Fruit farmer HAG (+1.4%) was the sole large-cap gainer in the sector.

* Some well-performing stocks outside of the above sectors were technology company FPT (+1.7%), oil & gas company PLX (+2.98%), utility company POW (+3.7%), and construction & building materials company VGC (+1.8%). Notable other poor-performing stocks were rubber producer GVR (-1.7%), steel maker HPG (-0.7%), airlines VJC (-2.9%) and HVN (-1.9%), and retailer MWG (-1.1%).