HANOI, Dec 10 Vietnam's benchmark VN Index
edged up 0.17 percent by midday on Tuesday, supported by
gains in several blue chips as an exchange traded fund bought
stocks during its portfolio restructuring, analysts said.
Shares of food producer Ma San Group climbed 2.3
percent, extending a gain on Monday. The db x-trackers FTSE
Vietnam exchange-traded fund (ETF) has said it would
buy more MSN shares during the fourth-quarter restructuring.
Shares of PetroVietNam Gas, Vietnam's largest
listed firm, were up 0.78 percent, and dairy product marker
Vinamilk increased 0.72 percent, but the number of
falling stocks almost doubled the gainers on Tuesday morning.
The index might face some corrections soon as the ETF was
selling other stocks, said analyst Nguyen The Minh at Viet
Investors were also selling small- and mid-cap stocks as
they were cautious when the index neared the 513-point
resistance level, Minh said.
Here is a snapshot of the VN Index at midday (0431
VN Index 512.1
PREV. CLOSE 511.23
% CHANGE 0.17%
Change (%) 1-mnth 2.531
Change (%) 3-mnth 8.735
Change (%) 1-year 33.202
52-week high 533.15 10-Jun-13
52-week low 383.53 10-Dec-12
(Reporting by Mai Nguyen)