Vietnam index up 0.3 pct at midday in dull trading


Email Print

Vietnam index up 0.3 pct at midday in dull trading
Vietnam's benchmark VN Index rose 0.33 percent by the midday break on Friday on low volume, but activity from exchange-traded funds' (ETF) could boost liquidity in the afternoon session, an analyst said.
Volume was at 34 million shares by midday, well below the five-day average level of 90 million, Reuters data showed.
"Most activities on the market this morning were of the ETFs on their last trading day of the second-quarter portfolio restructuring," said Nguyen Hoang Phuong, an analyst with Ho Chi Minh City Securities.
The Market Vectors Vietnam and db x-trackers FTSE Vietnam ETFs will finalise their portfolio restructuring on Friday, which will boost volume on the exchange in the afternoon session, Phuong added.
PetroVietNam Gas led the gains, rising 0.95 percent, followed by dairy product maker Vinamilk, which advanced 0.83 percent.
Here is a snapshot of the VN Index at midday (0431 GMT).
VN Index
PREV. CLOSE 567.35
% CHANGE 0.33%
LOW 567.75
Change (%) 1-mnth 6.437
Change (%) 3-mnth -6.315
Change (%) 1-year 12.71
52-week high 609.46
52-week low 462.13

More Business News

Indian plastics machinery manufacturers say imports from Vietnam and some other countries are sold at lower than market prices, causing injury to domestic industry. Photo credit: Vietnam Competition Authority

India probes dumping of Vietnamese plastic machinery

Indian authorities have opened an anti-dumping investigation into imports of plastic processing machines from Vietnam, Taiwan, the Philippines, and Malaysia, the Vietnam Competition Authority said Saturday