Bloomberg News

Vietnam’s Stock Movers: Dry Cell, Idico Urban, Saigon Fuel

December 01, 2011

Dec. 1 (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, retreated for a fourth day, sliding 0.2 percent to 380.10, the lowest since Nov. 21.

Dry Cell & Storage Battery Joint-Stock Co. (PAC VN), a battery maker and garment exporter, rose for the first day in four, gaining 3.9 percent to 15,900 dong. The company will pay a 2011 dividend of 800 dong a share this month, it said in a statement on the exchange’s website, without giving an exact date.

Idico Urban & House Development Joint-Stock Co. (UIC VN), an energy, construction and real-estate company, gained 3.9 percent to 8,000 dong, the highest close since Nov. 16. Idico’s chairwoman Nguyen Thi Kim Dung will buy 25,000 shares, raising her holding to 70,100 shares, according to a statement on the exchange’s website.

Saigon Fuel Joint-Stock Co. (SFC VN), which sells gasoline and other petroleum products, slumped 4.9 percent, to 21,500 dong, the biggest drop since Sept. 20. The Ho Chi Minh City- based company has sold its stake in Tan Phu Wood Processing One- Member Co., according to an exchange filing. The statement didn’t give a value or name the buyer.

--Editor: Matthew Oakley

To contact the Bloomberg News staff on this story: Nguyen Dieu Tu Uyen in Hanoi at uyen1@bloomberg.net

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


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