HANOI, June 12 Vietnam's benchmark VN Index
rose 0.44 percent at the break on Thursday, led by gains
in banking shares on market expectations the central bank would
cut the ceiling on deposit rates, an analyst said.
"There have been market talks that the State Bank of Vietnam
could lower its cap for short-term deposit rates in banks," said
deputy manager Nguyen Tuan of An Binh Securities.
Vietcombank, Vietnam's largest listed lender by
market value, rose 3.44 percent. The bank would pay a 2013 cash
dividend at 12 percent of the share's face value, it said in a
statement released via the exchange on Wednesday.
Hanoi-based BIDV gained 1.36 percent and Military
Commercial Joint Stock Bank advanced 2.21 percent.
Here is a snapshot of the VN Index at midday (0401
VN Index 572.87
PREV. CLOSE 570.36
% CHANGE 0.44%
Change (%) 1-mnth 5.143
Change (%) 3-mnth -3.082
Change (%) 1-year 9.275
52-week high 609.46 25-Mar-14
52-week low 462.13 30-Aug-13
(Reporting by Mai Nguyen; Editing by Ho Binh Minh)