Bloomberg News

Vietnam Stock Movers: Saovang Rubber, Saigon Cable

March 29, 2012

Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the 2:15 p.m. close in Ho Chi Minh City.

The VN Index (VNINDEX), the benchmark measure of the Ho Chi Minh City Stock Exchange, fell 1.5 percent to 439.63. The gauge has rallied 25 percent this year, headed for its biggest gain since the three months ended Sept. 30, 2009.

Bibica Corp. (BBC) , a manufacturer of confectionery products, rose 4.7 percent to 17,700 dong, the highest close since Feb. 18, 2011. The company will pay its shareholders a dividend of 1,200 dong a share on May 16, according to a statement on the bourse’s website.

Saovang Rubber Joint-Stock Co. (SRC) , fell 3 percent to 9,600 dong, the steepest decline since May 23, 2011. September- delivery rubber dropped as much as 2.8 percent to 327.4 yen a kilogram ($3,964 a metric ton) in Tokyo, the lowest level since March 9.

Saigon Cable Corp. (CSG) , a manufacturer of telecommunication and electrical cables, climbed 4.1 percent to 7,600 dong. The company forecasts pretax profit to rise to 30 billion dong ($1.4 million) this year from 12.4 million dong in 2011, it said in a statement filed on the exchange’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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