HANOI: Vietnam’s benchmark VN Index dropped 0.3 percent by midday on Friday as several blue chips including PetroVietnam Gas and other energy firms lost ground, even though bargain-hunting provided soft support.
A total of 52.08 million shares changed hands in the morning session, or more than half of the five-day average of 84.07 million, based on Reuters data.
PetroVietnam Gas, the country’s largest listed firm, lost 1.3 percent, and Vinamilk, Vietnam’s biggest dairy product maker, eased 0.9 percent. But several banks gained, helping curb the index loss.
“Investors in favour of risk could take opportunity of declines to buy more of the shares in their portfolio,” BIDV Securities said in a note to clients.
