Vietnam index rises 0.5 pct, BaoViet outperforms
AsemconnectVietnam – Vietnam’s benchmark VN Index.VNI advanced 0.51 percent to 619.58 points at the break on Monday thanks to gains by BaoViet Holdings and PetroVietnam Drilling & Well Service Corp.
- BaoViet, the country’s top insurer, outperformed the market to rise 5.49 percent after comments by Vietnam’s finance ministry in New York that the ceiling on foreign ownership in insurance companies would be fully lifted, analysts said.
PVD shares climbed 4.59 percent on the firm’s plan to pay a 30-percent dividend for 2014, including 15 percent in cash and the remaining in stock, the company said on its website on Friday.
Traders expect the index to rise in the next two to three sessions before corrections begin.
Here is a snapshot of the VN Index.VNI at midday (0431 GMT).
Change (%) 1-mnth
Change (%) 3-mnth
Change (%) 1-year