Bloomberg News

Vietnam’s Stocks: Kinh Do, An Giang Fisheries, Lam Son Sugar

February 22, 2012

Feb. 22 (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 1.8 percent to 418.41, the highest close since Oct. 31.

The VN-30 Index, a free-float adjusted, market capitalization-weighted index of 30 stocks that have the highest market value and liquidity on the bourse, rose 1.9 percent to 470.97.

Kinh Do Corp. (KDC VN), which produces baked goods and candy, climbed 2.9 percent to 35,000 dong, the highest close since Oct. 7. The company got approval from the State Securities Commission to raise its foreign ownership cap to 49 percent from 40.47 percent, it said in a statement filed on the bourse’s website.

An Giang Fisheries Import & Export Joint-Stock Co. (AGF VN) which farms, processes, imports, and exports seafood, gained 1.9 percent to 21,200 dong, the highest close since Dec. 30. The company will pay its shareholders a dividend of 1,000 dong a share on March 21, according to a statement filed on the exchange’s website.

Lam Son Sugar Joint-Stock Co. (LSS VN), which manufactures sugar and alcoholic products, increased 1.8 percent to 23,000 dong. It plans to pay its shareholders a dividend of 1,500 dong a share on April 20, it said in a statement on the bourse’s website.

--Nguyen Kieu Giang. Editor: Matthew Oakley

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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