Vietcap Daily - VN-Index slides 0.5%

* Energy Sector: Jadestone submits FDP for Nam Du, U Minh gas fields-USD750mn; positive for Vietnam’s oil & gas Sector

* Indian government proposes imposing 12% temporary safeguard duty on flat steel products, including steel from Vietnam – Limited impact on HPG, HSG, NKG, GDA

* CTR’s preliminary 2M 2025 results in line with forecasts

* HSG: Ex-rights date of April 2 for FY2024 cash dividend of VND500/share

* REE guides 2025 NPAT-MI to increase 22% YoY, confirming our forecast

* 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 Wednesday to close the trading day at 1,324.6. Tech company FPT (-4.2%) had the strongest negative impact on the market, while a total of 20 members of the large-cap VN30 group declined. Across the index, there were 139 gainers, 320 decliners, and 75 unchanged stocks. Total trading volume sharply increased from the previous trading day to USD919.9mn.

* Several banks continued performing poorly from yesterday, including VCB (-0.5%), BID (-0.5%), CTG (-1.1%), VPB (-1.8%), and TCB (-0.6%). LPB (+1.7%) surged.

* In real estate, VIC (+1.2%) and KBC (+1.2%) saw strong gains as BCM (-1.3%), NVL (-1.4%), and SIP (-2.1%) plunged.

* Steelmakers HPG (-1.3%), HSG (-3.3%), and NKG (-3.5%) sharply fell.

* Notable laggards in other sectors included food & beverage conglomerate MSN (-1.6%), retailer MWG (-3.7%), utility companies GAS (-0.4%) and REE (-1.7%), and electricity company GEE (-4.6%).