Vietnam index closes down 1.1 percent

Vietnam's benchmark VN Index closed down 1.08 percent on Monday as most bluechips lost ground, led by energy shares amid a gloomy outlook for the global oil market. Energy-related stocks including PetroVietNam Gas, the country's top firm by market value, fell 0.29 percent while Petrovietnam Drilling & Well Services Corp lost 3.17 percent, having dropped about a third of its value since Opec said late last month it would not cut output to support prices.
Saigon Securities Inc outperformed the market, rising 0.68 percent, as two exchange-traded funds Market Vectors Vietnam and db x-trackers FTSE Vietnam said they would add the stock to their portfolios during the current quarterly review, scheduled to end on Friday.