Bloomberg News

Vietnam’s Stocks: Military Bank, Song Ba, VietinBank

February 27, 2012

(Corrects dong conversion in VietinBank mover.)

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 (VNINDEX), the benchmark measure of the Ho Chi Minh City Stock Exchange, gained 1.2 percent to 428.41, the highest close since Sept. 28.

The VN-30 Index (VN30), a free-float adjusted, market capitalization-weighted index of 30 stocks that have the highest market value and liquidity on the bourse, rose for a fourth day, adding 1.7 percent to 485.85.

Military Commercial Joint-Stock Bank (MBB) (MBB VN) climbed 3.5 percent to 14,700 dong, the highest close since it started trading on Nov. 1. The lender was allocated a 17 percent credit- growth limit, the highest of central bank’s limit categories for 2012, Thoi Bao Kinh Te Vietnam newspaper reported today.

Song Ba Joint-Stock Co. (SBA) , which builds hydroelectric power plants, rose 4.4 percent to 4,700 dong. The company will pay its shareholders a dividend of 500 dong a share on March 30, it said in a statement on the exchange’s website.

Vietnam Joint-Stock Commercial Bank for Industry & Trade (CTG VN) rose 2 percent to 25,200 dong. The company’s audited pretax profit rose 81 percent to 8.4 trillion dong ($403 million) in 2011, it said in a statement on Feb. 25.

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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