HANOI, March 11 Vietnam's benchmark VN Index
ended up 0.82 percent, the fifth consecutive rise, at
588.50 points on Tuesday, as investors buying energy and
insurance stocks lent support, but falls are expected in coming
days, analysts said.
Stocks of Petrovietnam Gas, Vietnam's biggest
listed firm, closed up 1.8 percent at 85,000 dong ($4.03) each.
Baoviet Holdings, the country's largest insurer, also
rose 4.84 percent to end at 49,800 dong.
The market could see falls in coming weeks as
exchange-traded funds may sell more than buy during their
portfolio restructuring, analysts said.
Foreign investors, whose behaviour has been closely observed
by Vietnamese traders to find clues for the market's future
direction, sold 10.3 million shares on Tuesday and bought only
6.77 million shares, the exchange's data show.
Foreign investors have been net sellers of Vietnamese
equities since February, after being net buyers between October
2013 and January 2014, according to the exchange.
Here is a snapshot of the VN Index at the close (0801
VN Index 588.5
PREV. CLOSE 583.69
% CHANGE 0.82%
Change (%) 1-mnth 4.999
Change (%) 3-mnth 14.091
Change (%) 1-year 24.01
52-week high 596.4 27-Feb-14
52-week low 462.13 30-Aug-13
(Reporting by Ho Binh Minh; Editing by Martin Petty)