HANOI, March 27 Vietnam's benchmark VN Index
fell 0.15 percent at the break on Thursday as retail
investors sold stocks to reduce their margin trading while
buying demand rose on lower prices, analysts said.
Individual investors sold more shares to lower their
borrowing on margin, which has increased strongly following the
index's steady gains over the past weeks, analysts said.
The index had risen around 20 percent so far in 2014 before
hitting a two-week low at close on Wednesday.
Hanoi-based VietinBank led the losses, with shares
falling 1.17 percent, followed by food producer Masan Group Corp
that edged down 0.51 percent.
But the index was kept from a steep fall thanks to buying
demand as prices fell, analysts said.
"It is a proper time for long-term investors to accumulate
shares at reasonable prices," said manager Doan Minh Quan at ACB
Here is a snapshot of the VN Index at midday (0431
VN Index 587.16
PREV. CLOSE 588.06
% CHANGE -0.15%
Change (%) 1-mnth -0.297
Change (%) 3-mnth 16.091
Change (%) 1-year 20.145
52-week high 609.46 25-Mar-14
52-week low 462.13 30-Aug-13
(Reporting by Mai Nguyen)