HANOI, April 15 Vietnam's benchmark VN Index
marked its fourth straight session of losses on Tuesday,
dropping 1.68 percent to close near a two-week low as investors
sold shares on expectation of further declines.
"The index is likely to drop more and could fall straight to
560 points," said analyst Phan Dung Khanh at Maybank Kim Eng
Vietnamese equities have been trending downward over the
past weeks, but steep falls were prevented by gains in select
blue-chips that reported good corporate results and positive
annual targets, Khanh said.
Foreign investors were net sellers of 595 billion dong
($28.2 million) worth of Vietnamese shares in the previous five
consecutive sessions, exchange data showed.
Over 70 percent of shares on the Ho Chi Minh Stock Exchange
lost ground on Tuesday, led by PetroVietNam Gas,
Vietnam's largest listed firm, which fell 1.06 percent.
Steel producer Hoa Phat Group dropped 4.39 percent
and Hanoi-based lender Vietcombank fell 2.28 percent.
Here is a snapshot of the VN Index at close (0801
VN Index 586.09
PREV. CLOSE 596.11
% CHANGE -1.68%
Change (%) 1-mnth -0.121
Change (%) 3-mnth 14.13
Change (%) 1-year 20.604
52-week high 609.46 25-Mar-14
52-week low 462.13 30-Aug-13
(Reporting by Mai Nguyen; Editing by Sunil Nair)