HANOI, April 2 Vietnam's benchmark VN Index
fell 0.88 percent to 578.71 points at the break on
Wednesday, with foreign investors' buying failing to curb the
impact of selling, an analyst said.
Investors were cautious after the index dipped below its
support level of 585 points, and most selling was in small-cap
stocks that have gained strongly over the past months, said
analyst Doan Thi Anh Nguyet at Saigon-Hanoi Securities.
"But blue chips were kept from steep falls thanks to buying
from foreign investors," Nguyet said.
On Tuesday foreign investors were net buyers, with a value
of 88 billion dong ($4.2 million), while in March their net
selling value was 1.7 trillion dong, the exchange's data showed.
PetroVietNam Gas, the country's largest listed
firm, led the losses, with shares falling 0.6 percent, followed
by property firm Vingroup that decreased 1.38 percent.
The index is in a downward trend, with the next support
level of between 565-570 points, analysts said.
Here is a snapshot of the VN Index at midday (0431
VN Index 578.71
PREV. CLOSE 583.85
% CHANGE -0.88%
Change (%) 1-mnth -0.448
Change (%) 3-mnth 15.699
Change (%) 1-year 15.429
52-week high 609.46 25-Mar-14
52-week low 462.13 30-Aug-13
(Reporting by Mai Nguyen)