HANOI, July 7 Vietnam's benchmark VN Index
rose 0.54 percent to 592.51 points at the break on
Monday, with property firm Vingroup hitting a
three-month high ahead of its dividend payments.
The Hanoi-based firm will pay 2,149 dong (10 U.S. cents) per
share, or 21.49 percent of the share's face value, and another
48.7 percent by stocks under its 2013 dividend payment in the
third quarter of this year, Vingroup said in a shareholders'
report seen by Reuters.
VIC shares rose 6.77 percent to 71,000 dong ($3.34), the
highest intra-day level since April 10, Reuters data showed.
Many investors joining the market after the index surpassed
its strong resistance level of 580 points could further boost
the market to as high as 605 points, analyst Nguyen Hoang Phuong
of Ho Chi Minh City Securities said.
Here is a snapshot of the VN Index at midday (0431
VN Index 592.51
PREV. CLOSE 589.35
% CHANGE 0.54%
Change (%) 1-mnth 6.485
Change (%) 3-mnth -0.622
Change (%) 1-year 20.962
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)