HANOI, Jan 15 Vietnam's benchmark VN Index
rose 0.64 percent at the break on Wednesday on market
talks that the government would soon raise foreign holdings in
listed firms, an analyst said.
The government would increase the foreign ownership limit to
60 percent, from 49 percent now, in some listed firms during or
right after Tet, said analyst Nguyen The Minh from Viet Capital
All markets in Vietnam will be closed from Jan. 28 to Feb 5.
for Tet, the country's biggest festival to mark the Lunar New
Shares of the companies in which foreign holdings are at
limit climbed in the morning session, including technology firm
FPT, Sai Gon Securities Incorp and
Refrigeration Electrical Engineering Corp.
FPT rose 3.66 percent, SSI advanced 5.64 percent while REE
increased 2.55 percent. PetroVietNam Gas, Vietnam's
largest listed firm, also climbed 1.4 percent.
The index would rise to its resistance level of 530-535
points before the end of next week, analysts said.
Here is a snapshot of the VN Index at midday (0431
VN Index 525.66
PREV. CLOSE 522.31
% CHANGE 0.64%
Change (%) 1-mnth 3.211
Change (%) 3-mnth 5.812
Change (%) 1-year 13.801
52-week high 533.15 10-Jun-13
52-week low 440.48 23-Jan-13
(Reporting by Mai Nguyen)