Vietcap Daily - VN-Index slides 0.4%, banks weigh on market

* Energy Sector: Vietnam discovers new oil, potentially boosting oil reserves by 4-10%

* NT2 announces payment of VND800/share cash dividend for 2023

* Market wrap: VN-Index slides 0.4%, banks weigh on market

----------------------------------------

Market wrap: VN-Index slides 0.4%, banks weigh on market

The VN-Index slid 0.4% (-5.3 pts) to close the trading day at 1,245.8. Banks weighed on the market as seven were in the top ten stocks pressuring the index. Throughout the index, there were 126 gainers, 263 laggards, and 64 stocks that were unchanged. Total trading volume fell significantly compared to the previous trading day to USD295.5mn.

* The previously mentioned banks are HDB (-4.1%), VCB (-0.5%), BID (-0.9%), CTG (-1.1%), VPB (-0.8%), LPB (-0.9%), and MBB (-0.5%). No large-cap bank posted a gain.

* In real estate, VHM (+1.0%), VIC (+0.6%), VRE (+0.3%), and KBC (+0.5%) saw their share prices increase. BCM (-1.5%), NVL (-1.4%), and PDR (-1.6%) dropped.

* Key basic materials stocks have declined in three of the four trading days this week: HPG (-0.9%), HSG (-1.9%), GVR (-0.2%), DGC (-0.2%), and DCM (-1.3%).

* Noteworthy laggards from other sectors include food & beverage conglomerate MSN (-0.6%), airline HVN (-1.1%), retailer MWG (-0.7%), telecom towerco CTR (-1.1%), and jewelry retailer PNJ (-0.9%).