Vietcap Daily - VN-Index falls 0.8% - DXS, FPT, PNJ, POW, VRE, DGC, GEX, GMD

* DXS’s AGM documents guide for 2025G NPAT-MI to increase 193% YoY

* FPT announces strategic partnership with Sumitomo, SBI Holdings in Japan

* FPT's preliminary Q1 2025 results: 21% YoY NPAT-MI growth; Global IT trails expectations

* PNJ’s preliminary Q1 2025 results: NPAT declines 8% YoY, retail sales growth slows to 6% YoY – below expectations

* POW: NT 3&4 sees positive developments on Qc, GSPA; huge capacity expansion pipeline - AGM Note

* VRE: 2025G NPAT guidance up 15% YoY; retail leasing strategy remains proactive - AGM Note

* DGC: Strong 23% YoY NPAT-MI growth in Q1 2025, though slightly below forecast - Earnings Flash

* GEX: NPAT doubles YoY, slight upside potential from electrical equipment segment - Earnings Flash

* GMD: Solid Q1 results driven by strong throughput growth, better than expected - Earnings Flash

* Market wrap: VN-Index falls 0.8%

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Market wrap: VN-Index falls 0.8%

The VN-Index fell 0.8% (-9.9 pts) on Tuesday to close the trading day at 1,197.1. Large-cap stocks from a variety of sectors fueled the market’s decline. Across the index, there were 132 gainers, 400 laggards, and 46 unchanged stocks. Total trading volume sharply increased from the previous trading day to USD1.3bn.

* Numerous banks saw a decline, including TCB (-2.3%), VPB (-0.6%), BID (-0.4%), CTG (-0.4%), HDB (-0.5%), and VIB (-0.8%). VCB (+0.5%), MBB (+0.7%), LPB (+0.6%), and STB (+0.5%) gained.

* Real estate performed poorly, as VIC (-4.1%), BCM (-5.8%), KDH (-3.0%), PDR (-6.7%), DIG (-6.9%), and SIP (-6.7%) plunged. VHM (+4.5%), VRE (+1.0%), and NVL (+3.4%) surged.

* The stocks most weighing on the index from other sectors were rubber producer GVR (-5.9%), oil & gas company BSR (-4.5%), tech company FPT (-1.2%), milk producer VNM (-1.2%), utility company GAS (-1.0%), securities company SSI (-2.8%), and construction company VGC (-6.6%).

* Notable gainers from other sectors included steelmaker HPG (+0.4%), food & beverage conglomerate MSN (+1.0%), airline HVN (+4.6%), and retailers MWG (+3.1%) and FRT (+5.8%).