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Vietnam index dips 0.4 pct at midday, large-caps lead
September 18, 2014 / 5:02 AM / 3 years ago

Vietnam index dips 0.4 pct at midday, large-caps lead

HANOI, Sept 18 (Reuters) - Vietnam's benchmark VN Index
 fell 0.43 percent to 622.97 at the break on Thursday on
losses in big-cap shares during the review week of
exchange-traded funds (ETF).
    The Market Vectors Vietnam and db x-trackers FTSE
Vietnam ETFs are expected to sell many shares from
their portfolios, which mostly consist of blue chips, during
this quarterly review ending Friday, analysts said.
    PetroVietNam Gas, Vietnam's biggest firm by market
value, fell 0.84 percent, followed by Petrovietnam Drilling &
Well Services Corp with a 2.88 percent drop.
    PVD, which led the gains of stocks in the oil and gas sector
over the past few weeks, was on track for a second fall after
closing at a record high on Tuesday, Reuters data showed.
    "But many big-caps have fallen to their support levels,
while money inflow into small- and mid-cap stocks are still
solid," said analyst Pham Van Khoa of VNDIRECT Securities. The
index' support level is 620, he said.
    Here is a snapshot of the VN Index at midday (0431
                   VN Index       622.97            
                PREV. CLOSE       625.66            
                   % CHANGE       -0.43%            
                       HIGH       627.29            
                        LOW       621.71            
          Change (%) 1-mnth        3.545            
          Change (%) 3-mnth        9.333            
          Change (%) 1-year       30.965            
               52-week high       644.56    3-Sep-14
               52-week low        473.52   18-Sep-13
 (Reporting by Mai Nguyen; Editing by Ho Binh Minh)

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