Vietnam index eases 0.1 pct at midday, high volume

Thu Feb 20, 2014 12:00am EST

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HANOI, Feb 20 (Reuters) - Vietnam's benchmark VN Index
 edged down 0.12 percent at the break on Thursday in high
volume, with profit taking in most small-cap shares erasing
gains in banks and some big-caps.
    Profit taking in penny stocks and strong buying in banking
shares have boosted liquidity on the exchange, said deputy
manager Nguyen Tuan at An Binh Securities. 
    Volume soared to 131 million shares, close to the five-day
average of 151 million, Reuters data showed.
    Property firm Vingroup lost 1.27 percent and top
insurer Baoviet Holdings fell 1.87 percent.
    Most banks rose, led by VietinBank, Vietnam's
second-largest lender by assets, which gained 1.8 percent. 
    Vietnam will allow foreign investors to buy bigger stakes in
its banks as of Thursday, the government has
said. 
    Here is a snapshot of the VN Index at midday (0431
GMT).
                 VN Index       577.45             
              PREV. CLOSE       578.12             
                 % CHANGE       -0.12%             
                                                   
                     HIGH        584.1             
                      LOW       577.23             
                                                   
        Change (%) 1-mnth        6.352             
        Change (%) 3-mnth       14.545             
        Change (%) 1-year       17.796             
                                                   
             52-week high        578.8    19-Feb-14
             52-week low        459.64    27-Feb-13
 
 (Reporting by Mai Nguyen)
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