HANOI, March 17 Vietnam's benchmark VN Index
rose 0.6 percent at the break on Monday, following state
media reports that the central bank would cut key rates this
week and a buying plan by an exchange-traded fund.
The central bank will lower the ceiling on interest rates
that banks can offer on dong deposits to 6.0 percent per annum
from 7.0 percent now, state-run Voice of Vietnam radio said
earlier on Monday.
"Sentiment is positive because the rates cuts imply a stable
macroeconomic outlook," said deputy manager Nguyen Tuan at An
The VN Index opened at 603.05 points on Monday, the highest
level since October 2009.
The Market Vectors Vietnam exchange-traded fund
would add stocks of food producer Masan Group and
Petrovietnam Transportation Corp to its portfolio
during its restructuring ending March 24, it said in a
The fund would also buy more stakes from real estate firm
Vingroup and HAGL.
MSN jumped 6.93 percent to its nine-month intraday high at
108,000 dong ($5.12). PVT climbed 6.67 percent, VIC advanced
1.97 percent and HAG rose 3.69 percent.
Here is a snapshot of the VN Index at midday (0431
VN Index 600.39
PREV. CLOSE 596.83
% CHANGE 0.60%
Change (%) 1-mnth 4.301
Change (%) 3-mnth 17.937
Change (%) 1-year 25.754
52-week high 600.68 14-Mar-14
52-week low 462.13 30-Aug-13