HANOI, Feb 13 Vietnam's benchmark VN Index
climbed 1.05 percent to close at 570.18 points on
Thursday, boosted by positive sentiment that analysts say could
lead to more gains in the near future.
Short-term investments were pouring into the market thanks
to investors' optimism about the country's macro economic
outlook, said deputy manager Nguyen Tuan at An Binh Securities.
Increasing demand from major funds also prompted individual
investors to participate in the market, giving more momentum to
the expansion, Tuan said.
Analysts said the index could rise further, having surpassed
its 560-point strong resistance level and hit a 51-month high on
PetroVietNam Gas, Vietnam's largest listed firm,
rose 4.43 percent to end at its record high of 82,500 dong
Food producer Masan Group advanced 1.62 percent,
and Military Bank jumped 5 percent to the stock's
highest close since November 2012.
Here is a snapshot of the VN Index at the close (0801
VN Index 570.18
PREV. CLOSE 564.25
% CHANGE 1.05%
Change (%) 1-mnth 8.731
Change (%) 3-mnth 13.383
Change (%) 1-year 14.214
52-week high 564.61 22-Jan-14
52-week low 459.64 27-Feb-13
(Reporting by Mai Nguyen; Editing by Ho Binh Minh)