Bloomberg News

Vietnam Stock Movers: Dien Quang, Hoa Binh, Tay Ninh Rubber

October 06, 2011

Oct. 6 (Bloomberg) -- Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the 11 a.m. local-time close.

The VN Index, the benchmark measure of the Ho Chi Minh City Stock Exchange, rose 1 percent to 421.32, the biggest gain since Sept. 19.

Dien Quang Joint-Stock Co. (DQC VN), a light-bulb maker, jumped 4.5 percent to 16,300 dong, the largest increase since Sept. 26. The Ho Chi Minh City-based company will buy back 1.21 million shares from Oct. 10 to Dec. 31, according to a statement on the bourse’s website.

Hoa Binh Construction & Real Estate Corp. (HBC VN), which offers construction services, climbed 3.5 percent to 26,800 dong, the steepest advance since June 22. The company will pay a 2010 dividend of 600 dong a share on Oct. 28, according to an exchange filing.

Tay Ninh Rubber Joint-Stock Co. (TRC VN) increased 1 percent to 39,900 dong. Rubber advanced for a third day as better-than-expected economic data from the U.S., the fourth- largest user, buoyed the outlook for demand.

--Diep Ngoc Pham, with assistance from Nguyen Dieu Tu Uyen in Hanoi. Editor: Matthew Oakley

To contact Bloomberg News staff for this story: Diep Ngoc Pham in Hanoi at dpham5@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net


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