Vietnam index ends near 4-mth high despite weak buying

Thu Jul 24, 2014 4:32am EDT

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HANOI, July 24 (Reuters) - Vietnam's benchmark VN Index
 closed up 0.76 percent at 602.06 points on Thursday, its
highest level since April 8, but a low volume indicated weak
buying.
    Volume was below the five-day average level, with nearly 88
million shares changing hands, but a fourth of which was penny
stocks of property firm FLC Group Co, Reuters data
showed.
    Earlier this week FLC was added to the VN30 list, the
exchange's best performing shares.
    "Despite widespread gains in blue chips, slim trade showed
that money was not flowing into the market," said deputy manager
Nguyen Tuan of An Binh Securities.
    PetroVietNam Gas, Vietnam's largest listed firm,
led the gainers, rising 0.88 percent, followed by dairy product
maker Vinamilk that advanced 0.74 percent.
    Here is a snapshot of the VN Index at the close (0801
GMT).
                VN Index      602.06            
             PREV. CLOSE       597.5            
                % CHANGE       0.76%            
                                                
                    HIGH      602.49            
                     LOW      597.03            
                                                
       Change (%) 1-mnth        5.58            
       Change (%) 3-mnth       4.942            
       Change (%) 1-year      18.483            
                                                
            52-week high      609.46   25-Mar-14
            52-week low       462.13   30-Aug-13
 
 (Reporting by Mai Nguyen; Editing by Ho Binh Minh)
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