HANOI, Feb 12 Vietnam's benchmark VN Index
rose 0.91 percent at the break on Wednesday as foreign
investors bought blue chips at low prices.
Most large-cap stocks rose on Wednesday morning after they
were sold for quick profit when the index hovered near the
strong resistance level of 560 points in the previous session.
PetroVietNam Gas, Vietnam's largest listed firm,
led the gains, with shares rising 2.63 percent to 78,000 dong
($3.7), followed by Hanoi-based Vietcombank that
advanced 2.12 percent.
Demand for blue chips, especially from foreign investors,
was still good thanks to a positive macro economic outlook, said
analyst Vu Duy Khanh at Navibank Securities.
But the index is likely to fall again when it hits 560
points on expected strong selling, Khanh added.
Here is a snapshot of the VN Index at midday (0431
VN Index 558.93
PREV. CLOSE 553.9
% CHANGE 0.91%
Change (%) 1-mnth 6.737
Change (%) 3-mnth 10.541
Change (%) 1-year 12.119
52-week high 564.61 22-Jan-14
52-week low 459.64 27-Feb-13
(Reporting by Mai Nguyen)