Bloomberg News

Vietnam’s Equity Movers: Hoang Anh Gia Lai, Sieu Thanh

December 28, 2011

Dec. 28 (Bloomberg) -- Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the close.

The VN Index, the benchmark measure of the Ho Chi Minh City Stock Exchange, gained 0.8 percent to 350.66, snapping four days of losses. The gauge has lost 28 percent this year.

HAGL Joint-Stock Co. (HAG VN), the developer also known as Hoang Anh Gia Lai, rallied 4.6 percent to 18,100 dong, the first gain in seven days. Chairman Doan Nguyen Duc plans to buy 5 million shares to raise his holding in Vietnam’s second-biggest listed property developer to 227.987 million shares, the company said in a statement on the bourse’s website. The chairman will start purchasing the shares from Dec. 30 until Feb. 29.

Sieu Thanh Joint-Stock Co. (ST8 VN), which distributes office automation equipment including copiers and facsimile machines, rose 2.7 percent to 11,500 dong. The company will pay its shareholders a dividend of 1,000 dong a share on Jan. 18, according to a statement filed on the exchange’s website.

--Nguyen Kieu Giang. Editor: Shiyin Chen

To contact Bloomberg News staff for this story: Nguyen Kieu Giang in Hanoi at giang1@bloomberg.net

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


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