Vietnam index up 0.4 pct; new stock rules in effect
Tuesday, September 1,2015AsemconnectVietnam - Vietnam's benchmark VN Index.VNI advanced 0.41 percent at the break on Tuesday when the long-awaited rules allowing foreigners to take bigger stakes in Vietnamese firms took effect, with most blue chips gaining ground.
The move to allow foreign shareholdings of up to 100 percent in some firms, versus the previous 49 percent ceiling, is one of the most liberal measures yet adopted as Vietnam pursues broad economic reform. Five of the six listed banks rose, including Vietcombank, the country's biggest lender by market value, with a 0.47-percent rally, and BIDV that gained 1.29 percent.
Vietnam's stock market is the sole gainer in the Southeast Asia so far this year, having risen nearly 4 percent, Thomson Reuters data showed.
Here is a snapshot of the VN Index.VNI at midday (0431 GMT).
VN Index |
567.04 |
|
PREV. CLOSE |
564.75 |
|
% CHANGE |
+0.41% |
|
HIGH |
569.18 |
|
LOW |
562.17 |
|
Change (%) 1-mnth |
-9.067 |
|
Change (%) 3-mnth |
-0.845 |
|
Change (%) 1-year |
-11.294 |
|
52-week high |
644.56 |
3-Sep-14 |
52-week low |
511.13 |
25-Aug-15 |
Source: Reuters
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