HANOI, June 25 Vietnam's benchmark VN Index
extended losses for a fourth straight day on Tuesday and
closed at its lowest in nearly eight weeks on investors' concern
over gloomy Asian markets.
The index closed down 3.41 percent after falling 4.7 percent
in the morning session, the biggest decrease since Aug. 21,
2012, following the arrest of banking tycoon Nguyen Duc
Foreigners continued selling big-cap stocks damaging market
sentiments, traders said.
BaoViet Holdings, the biggest insurer in Vietnam,
lost 6.32 percent at 43,000 dong ($2.04), the lowest in more
than five months.
Vietcombank declined 6.1 percent and PhaLai Thermal
Power Co was down 5.9 percent on large supply in the
Masan Group lost 3.78 percent at 89,000 dong, the
lowest since Nov. 30, 2012.
Here is a snapshot of the VN Index after the opening,
taken at 0715 GMT.
VN Index 473.02
PREV. CLOSE 489.74
% CHANGE -3.41%
Change (%) 1-mnth -2.099
Change (%) 3-mnth -0.051
Change (%) 1-year 14.648
52-week high 533.15 10-Jun-1
52-week low 372.39 5-Nov-12
($1 = 21,035.5 dong)
(Compiled by Nguyen Phuong Linh; Editing by Subhranshu Sahu)