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Vietnam index rises 0.4 pct at midday, HAG, GAS lead
March 6, 2014 / 5:07 AM / in 4 years

Vietnam index rises 0.4 pct at midday, HAG, GAS lead

HANOI, March 6 (Reuters) - Vietnam's benchmark VN Index
 was up 0.4 percent at 577.23 points at the break on
Thursday, with shares in big-cap real estate firms leading
gains.
    Vingroup climbed 0.67 percent and HAGL advanced
2.67 percent, although its gain was down to its commodities
interests, having received government approval on Wednesday to
import 30,000 tonnes of raw sugar from its Laos-based plant, for
refining and re-export.
    "Sugar contributed the major stake in HAG's revenue in 2013,
so this news is sure to have supported the rise," said analyst
Vu Duy Khanh at Navibank Securities.
    Khanh said foreign funds were likely to be net sellers next
week, when quarterly portfolio restructuring is due.
    PetroVietNam Gas, Vietnam's largest listed firm,
gained 1.22 percent in the morning trade.
    Here is a snapshot of the VN Index at midday (0431
GMT.)
              VN Index     577.23           
           PREV. CLOSE     574.94           
              % CHANGE      0.40%           
                                            
                  HIGH     578.23           
                   LOW     574.58           
                                            
     Change (%) 1-mnth       3.31           
     Change (%) 3-mnth     12.727           
     Change (%) 1-year     24.414           
                                            
          52-week high      596.4  27-Feb-14
          52-week low      461.61   5-Mar-13
 
 (Reporting by Nguyen Phuong Linh; Editing by Martin Petty)

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