Bloomberg News

Vietnam’s Stocks: Nam Kim Steel, Southern Seed, Savimex

February 28, 2012

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 0.3 percent to 423.64.

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 0.9 percent to 485.18.

Nam Kim Steel Joint-Stock Co. (NKG) (NKG VN), which manufactures and trades steel products, fell 4.8 percent to 11,800 dong.

Vietnam has about 350,000 tons of steel in stockpile as the slowdown in property and construction cut demand, Tuoi Tre newspaper reported today, citing Vietnam Steel Association.

Southern Seed Corp. (SSC) , a producer of crop seeds for farmers, gained 2.2 percent to 28,000 dong. The company will pay its shareholders a dividend of 1,000 dong on April 12, according to a statement filed on the exchange’s website.

Savimex Economic Cooperation & Import-Export Joint-Stock Co. (SAV) , a furniture maker, exporter and real-estate developer, rose 1.8 percent to 17,000 dong. It will pay dividend of 700 dong a share from April 2, it said in a statement on the bourse’s website.

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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