HANOI, April 11 Vietnam's benchmark VN Index
ended down 0.13 percent on Friday, with bargain hunting
late in the session narrowing earlier losses, and analysts
expected the index to soon rebound.
Most stocks fell, led by property firm Vingroup
that lost 2.13 percent, followed by dairy product maker Vinamilk
that decreased 0.69 percent.
But gains in a few blue chips on Friday afternoon reverted
earlier losses, including PetroVietNam Gas, Vietnam's
largest listed firm, with a 2.16-percent advance.
Shares in food producer Masan Group rose 1.03
percent after the company projected its net profit in 2014 to
rise at least 39 percent from last year, it said in a statement
on its website.
"Investors have started to pick up shares which have
fallen," said analyst Nguyen The Minh at Viet Capital
The index could bounce back soon, lifted by gains in several
blue chips, analysts said.
Here is a snapshot of the VN Index at the close (0801
VN Index 600.57
PREV. CLOSE 601.33
% CHANGE -0.13%
Change (%) 1-mnth 3.022
Change (%) 3-mnth 15.877
Change (%) 1-year 21.114
52-week high 609.46 25-Mar-14
52-week low 462.13 30-Aug-13
(Reporting by Mai Nguyen; Editing by Ho Binh Minh)