HANOI, Aug 18 Vietnam's benchmark VN Index
rose 0.14 percent on Monday, with volume hitting a
one-month high, while analysts expected further rises for the
Trading volume reached 139 million shares, the highest since
July 18, Reuters data showed.
"While profit taking is seen rising near a strong resistance
level, demand is still solid, boosting liquidity on the market,"
said analyst Do Bao Ngoc of MB Securities.
Analysts expected the index to further gain to near its
resistance level of around 610 points, in what would be a high
of nearly five years.
Top mobile phone retailer Mobile World led the
gains with a 5.67 percent advance, followed by property firm
Vingroup, which increased 0.65 percent.
Hanoi-based lender BIDV slumped to its record low
close of 13,900 dong ($0.66) a share with a 2.11 percent fall,
Reuters data showed.
The bank's net profit in the second quarter nearly halved
from the same time last year to 427 billion dong, it said in a
statement posted late on Friday.
Here is a snapshot of the VN Index at the close (0801
VN Index 605.08
PREV. CLOSE 604.24
% CHANGE 0.14%
Change (%) 1-mnth 2.534
Change (%) 3-mnth 15.302
Change (%) 1-year 18.893
52-week high 610.88 6-Aug-14
52-week low 462.13 30-Aug-13
(Reporting by Mai Nguyen; Editing by Martin Petty)