The two largest ETFs in Việt Nam, FTSE Vietnam ETF and VNM ETF, will reduce their ownership in many large-cap stocks to purchase more of dairy firm Vinamilk’s shares. On Saturday, VNM ETF decided to add shares of Vinamilk to its third-quarter portfolio. VNM ETF will purchase 4.3 million shares of Vinamilk worth US$27.56 million. In the Saturday statement, VNM ETF also said that it would remove PetroVietnam Transportation Corp (PVT) and Sài Gòn-Hà Nội Bank (SHB) from its third-quarter investment. The northern market index was bumpy last week but able to rise 0.5 per cent after five trading days.

Source: Viet Nam News September 11, 2016 18:56 UTC