HANOI, May 7 Vietnam's benchmark VN Index
rose 0.69 percent at the break on Wednesday in thin trade as
investors cautiously picked up shares following recent declines.
"Long-term investors saw an opportunity to collect equities
that were previously too high to purchase, but only at a low
volume as they expected the index would further fall," said
analyst Nguyen The Minh at Viet Capital Securities.
Top insurer Baoviet Holdings was among the top
gainers. Its shares climbed 4.45 percent to 32,500 vietnam dong
($1.54) each after closing on Tuesday at the lowest level since
Dec. 2012, Reuters data showed.
Dairy product maker Vinamilk also edged up 1.5
percent and food producer Masan Group rose 2.19
Trading volume reached 26.8 million shares, well below the
five-day average of 62 million, Reuters data showed.
On Tuesday the index fell to a near three-month low on
widespread selling by retail investors.
Here is a snapshot of the VN Index at midday (0431
VN Index 558.93
PREV. CLOSE 555.11
% CHANGE 0.69%
Change (%) 1-mnth -6.396
Change (%) 3-mnth 0.078
Change (%) 1-year 13.678
52-week high 609.46 25-Mar-14
52-week low 462.13 30-Aug-13
(Reporting by Mai Nguyen)