HANOI, Feb 14 Vietnam's benchmark VN Index
edged down 0.14 percent by midday on Friday as investors
sold stocks for quick profits, while the market prospect
remained good, analysts said.
The index advanced to 576.18 points in strong demand before
ending the morning session lower at 569.38 points.
Real estate firm Vingroup fell 1.28 percent, and
Hanoi-based lender VietinBank, Vietnam's second-biggest
partly private bank by assets, lost 0.59 percent.
But in the longer term, Vietnam's market, Asia's best
performer in 2013, remained attractive. The index has so far
risen around 13 percent after an annual expansion of 22 percent
"Foreign inflow has been very strong as the market prospect
is positive while other investment channels are not as
appealing," said analyst Vu Tran Vinh Thuy at Dai Viet
Lower deposit rates, drops in gold prices and a tedious real
estate market have lured investors to the share market, Thuy
said, adding that Vietnamese investors, prompted by strong
purchase of foreigners, also increased borrowings.
Here is a snapshot of the VN Index at midday (0431
VN Index 569.38
PREV. CLOSE 570.18
% CHANGE -0.14%
Change (%) 1-mnth 9.416
Change (%) 3-mnth 14.928
Change (%) 1-year 15.414
52-week high 570.68 13-Feb-14
52-week low 459.64 27-Feb-13
(Reporting by Mai Nguyen)