VIETNAM EXPORT IMPOR

EIB
End-of-day quote. End-of-day quote  - 08/07
16900VND -0.29%

MARKET COMMENT: Vietnam Shares Flat; 492 Support Tipped - Traders

02/21/2013 | 12:59am


0543 GMT [Dow Jones] Vietnam shares are unchanged at 494.79 vs the intraday high of 497.70, as local investors sell after local media reported that some state-run oil traders are claiming losses and they may seek government approval to raise retail gasoline prices, traders say. "Selling pressure is also rising because the key index has gained nearly 20% year-to-date," says a trader with ACB Securities. Volume is moderate, with 63 million shares valued at VND828 billion changing hands. Among decliners, Eximbank (>> Vietnam Export Import Commercial JS Bank) is down 1.8% at VND16,000, Bao Viet Holdings (BVH.VH) is 1.7% lower at VND58,500 and Petrovietnam Finance (>> Petrovietnam Finance Joint Stock Corp) falls 2.2% to VND13,200. Traders tip immediate support for the key index at 492. (phammuoi.nguyen@dowjones.com)




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