HANOI: Vietnam’s benchmark VN Index closed up 0.75 percent, with gains in several big caps including Vinamilk offsetting losses in most blue chips in volatile trade. The dairy products maker outperformed the market to climb 4.07 percent to an all-time high of 128,000 dong ($5.74) each.
VNM shares have jumped a combined 9.4 percent since Tuesday when local media reported drinks maker Fraser and Neave Ltd planned a $4 billion deal to buy the 45 percent of state-owned stake in the firm, but F&N had later denied the move. Top insurer BaoViet Holdings advanced 3.17 percent and PetroVietnam Gas rallied 1.05 percent.
