Vietnam index up 0.3pc; banks gain

09 Feb, 2015

HANOI: Vietnam's benchmark VN Index edged up 0.26 percent by midday on Monday, with stocks moving range-bound in low volume in the last week before a long public holiday.

Most banks ticked up, led by Hanoi-based Vietcombank , Vietnam's biggest lender by market value, with a 0.83 percent rise, while VietinBank, the country's top partly private bank in terms of assets, gained 1.69 percent.

Trading volume at midday stood at 37 million shares, compared with the five-day average of 75 million, Reuters data showed.

The index may move marginally in the last week before the market closes for Lunar New Year Holiday during February 16-23, while inflows into equities could surge after the break on positive sentiment, said brokerage Vietcombank Securities in a note to clients.

Copyright Reuters, 2015

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