Bloomberg News

Vietnam Stocks: DHG Pharmaceutical, Societe de Bourbon Tay Ninh

November 04, 2011

Nov. 4 (Bloomberg) -- Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the close in Ho Chi Minh City.

The VN Index, the benchmark measure of the Ho Chi Minh City Stock Exchange, gained 0.5 percent to 410.57. The gauge fell 2.7 percent this week, the biggest weekly drop since September.

DHG Pharmaceutical Joint-Stock Co. (DHG VN), Vietnam’s biggest publicly traded drugmaker, rose 0.8 percent to 66,000 dong, rebounding from a two-day drop. The company, based in Can Tho, the Mekong Delta’s commercial center, will pay a 2011 dividend of 1,000 dong a share on Dec. 7, according to an exchange statement.

Societe de Bourbon Tay Ninh Joint-Stock Co. (SBT VN), the country’s biggest listed sugar company, advanced 1.6 percent to 12,900 dong, a one-week high. Raw sugar for March delivery advanced 0.9 percent to 25.65 cents a pound yesterday in New York, the largest increase since Oct. 27.

Tu Liem Urban Development Joint-Stock Co. (NTL VN), which offers construction services, fell 0.5 percent to 19,900 dong. Asiavantage Global Ltd., a Japanese investment firm, cut its stake in Tu Liem to 8.6 percent from 9.6 percent, according to a filing with the bourse.

--Diep Ngoc Pham. Editor: Shiyin Chen

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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