Bloomberg News

Vietnam Stocks: Masan Group, Military Bank, Petroleum Pipeline

February 09, 2012

Feb. 9 (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, rose 0.5 percent to 411.39. The VN-30 Index, a free-float adjusted, market cap-weighted index of 30 stocks that have the highest market capitalization and liquidity on the bourse, gained 0.8 percent to 464.73.

Masan Group Corp. (MSN VN), the nation’s biggest publicly traded company, rose 1.9 percent to 108,000 dong, the highest since Feb.3. Fourth-quarter net income climbed 48 percent from a year earlier to 1.3 trillion dong ($62 million), it said in a statement on its website. For the whole 2011, net profit surged 79 percent to 3.3 trillion dong, it said.

Military Commercial Joint-Stock Bank (MBB VN) rose 2.3 percent to 13,400 dong. The lender will pay its shareholders a dividend of 300 dong a share on March 15, it said in a statement on the exchange’s website.

Petroleum Pipeline & Tank Construction Joint-Stock Co. (PXT VN) gained 3.9 percent to 5,300 dong. The company plans to buy back 800,000 shares from Feb. 15 to May 15, according to a statement on the bourse’s website.

--Nguyen Kieu Giang. Editor: Chan Tien Hin

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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