HANOI, May 28 Vietnam's benchmark VN Index
gained for the third consecutive session on Wednesday,
ending 0.83 percent up on strong buying from retail investors
ahead of portfolio restructuring by exchange-traded funds, an
Two major exchange-traded funds in Vietnam are likely to buy
a large amount of blue-chips during their portfolio
restructuring in June. Investors, especially retailers, bought
shares on hopes of selling them later next month, said analyst
Nguyen Hoang Phuong of Ho Chi Minh City Securities.
Stocks of Ho Chi Minh City-based Sacombank were
among the outperformers, jumping 6.38 percent to its highest
close in one month, Reuters data showed.
Vietcombank, the country's biggest listed bank by
market value, rose for the third straight session, up 1.4
percent to its highest close since April 25.
The Market Vectors Vietnam and db x-trackers FTSE
Vietnam exchange-traded funds are scheduled to
rearrange their second-quarter investment baskets by late June.
Here is a snapshot of the VN Index at the close (0801
VN Index 557.34
PREV. CLOSE 552.75
% CHANGE 0.83%
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
($1 = 21,125 dong)
(Reporting by Mai Nguyen; Editing by Sunil Nair)