May 28, 2014 / 5:15 AM / 3 years ago

RPT-Vietnam index up 0.3 pct by midday; retailers buy

(Repeats with no changes to text)
    HANOI, May 28 (Reuters) - Vietnam's benchmark VN Index
 was up 0.33 percent at Wednesday's break, on track for
its third consecutive session of gains, as retailers extended
buying after a strong rally in the previous day, an analyst
    Equities closed near their three-week highs on Tuesday as
retailers thought current prices reflected an ongoing conflict
between Vietnam and China after Beijing's deployment of an oil
rig in the disputed South China Sea. 
    Food producer Masan Group led gains with a 1.62
percent rise, followed by Ho Chi Minh City-based Sacombank
 with a 4.26 percent advance.
    Gains were strong in early trade, but an increase in selling
towards the midday break boosted volume to 70.1 million shares,
near the five full-day average level of 99.5 million shares,
Reuters data showed.
    "Money inflow from retailers is usually short-term, so the
index may dip soon on profit-taking," said analyst Nguyen The
Minh from Viet Capital Securities.
    Here is a snapshot of the VN Index at midday (0431
                VN Index       554.6           
             PREV. CLOSE      552.75           
                % CHANGE       0.33%           
                    HIGH      557.16           
                     LOW      553.95           
       Change (%) 1-mnth        #N/A           
       Change (%) 3-mnth      -5.479           
       Change (%) 1-year        #N/A           
            52-week high      609.46  25-Mar-14
            52-week low       462.13  30-Aug-13
 (Reporting by Mai Nguyen; Editing by Subhranshu Sahu)

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