OREANDA-NEWS. March 19, 2015. Vietnam's benchmark VN Index dipped 0.19 percent at the break on Wednesday in cautious sentiment and after foreigners extended selling equities.

Petrovietnam Drilling & Well Services Corp led the decliners with a 3.81 percent loss, on track for its ninth straight fall, followed by lender BIDV that decreased 1.09 percent.

The Petrovietnam subsidiary has unsuccessfully bought back 2 million shares during Feb. 1-March 13, it said in a filing to the stock exchange.

Foreign investors extended their net selling position to the third session as of Tuesday, having offloaded a net 132.5 billion dong (\\$6.17 million) worth of Vietnamese shares in March, Reuters data showed.

"We maintain our recommendation that investors should stay out of the market and wait for clearer opportunities when money inflows improved," said Vietcombank Securities in a note to clients on Wednesday.