Vietnam index falls 0.2 pct, selling extends
Tuesday, September 30,2014AsemconnectVietnam - Vietnam's benchmark VN Index .VNI dipped 0.19 percent by midday on Tuesday, on track for a third straight fall, led by a slump in real estate stocks.
Property firm Vingroup VIC.HM dropped 3.51 percent, having lost as much as 13 percent in the previous four sessions till Monday, Reuters data showed.
Foreign investors have been net sellers on the Ho Chi Minh Stock Exchange for four consecutive sessions as of Monday after the index retreated below its 610-point support level, Reuters and the exchange data showed.
But the index may not fall lower as positive macroeconomics data showed a stable and improved outlook for the market, Vietcombank Securities said in a note to clients on Tuesday.
Vietnam's economic growth quickened in the third quarter ending September to an annual rise of 6.19 percent, the fastest quarterly growth since the fourth quarter of 2010.
Source: Reuters
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