Vietcap Daily - VN-Index slides 0.8%, most large-cap stocks decline

* Vietnam’s manufacturing recovers after Typhoon Yagi
* MSN: SK reduces ownership to 3.7% via put-through transactions
* SAB: Interim 2024 cash dividend of VND2,000/share to be paid in January 2025
* VNM AM: Active marketing activities and product launches, yet VNM’s domestic sales remain subdued
* Market wrap: VN-Index slides 0.8%, most large-cap stocks decline

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Market wrap: VN-Index slides 0.8%, most large-cap stocks decline

The VN-Index slid 0.8% (-9.6 pts) on Friday to close the trading day at 1,254.9. There were only two rising stocks among the large-cap VN30 group. Throughout the index, there were more than triple the number of laggards (289) compared to gainers (86), while 60 stocks were unchanged. Total trading volume plunged compared to the previous trading day to USD585.0mn.

* In the banks sector, VPB (-1.5%), MBB (-1.8%), ACB (-1.9%), and HDB (-1.3%) sharply declined and BID (0.0%) was unchanged.

* In real estate, VHM (0.0%) was unchanged, while VIC (-0.8%), BCM (-0.6%), VRE (-0.6%), and KDH (-1.0%) fell.

* Basic materials stocks performed poorly as HPG (-1.3%), GVR (-1.8%), DGC (-0.8%), and DCM (-1.9%) saw their share prices go down.

* Other notable laggards across sectors included food & beverage conglomerate MSN (-2.7%), milk producer VNM (-0.5%), airline HVN (-3.2%), jewelry retailer PNJ (-3.6%), oil & gas company PLX (-1.2%), and utility company REE (-3.3%).