HANOI, Feb 7 Vietnam's benchmark VN Index
lost 0.39 percent at the break on Friday as investors extended
selling blue chips after their strong gains in January.
Similar to Thursday's session, investors took profit from
large-cap stocks, the main boost for the index's rally of more
than 10 percent last month.
Hanoi-based lender BIDV, Vietnam's largest listed
bank by assets, dropped 5.11 percent, and top insurer Baoviet
Holdings fell 1.67 percent.
But buying in small- and mid-cap shares prevented the index
from plummeting, said analyst Do Bao Ngoc at SeABank Securities.
Investors would keep funds in the market while shifting
among sectors in the short-term, making the index to move
sideway in coming weeks, while the long-term prospect remained
positive given optimism over the economic outlook, Ngoc said.
Here is a snapshot of the VN Index at midday (0431
VN Index 552.53
PREV. CLOSE 554.68
% CHANGE -0.39%
Change (%) 1-mnth 8.953
Change (%) 3-mnth 10.38
Change (%) 1-year 13.58
52-week high 564.61 22-Jan-14
52-week low 459.64 27-Feb-13
(Reporting by Mai Nguyen)