Bloomberg News

Vietnam Stocks: Asia Commercial Bank, Hoa Binh Rubber

April 03, 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 1.1 percent to 445.77.

Rubber stocks: Hoa Binh Rubber Joint-Stock Co. (HRC) jumped 4.6 percent to 41,000 dong. Thong Nhat Rubber Joint-Stock Co. (TNC VN) rose 4.9 percent to 15,100 dong. Phuoc Hoa Rubber Joint-Stock Co. (PHR) rallied 1.2 percent to 25,800 dong.

Vietnam’s Ministry of Agriculture and Rural Development raised its 2012 rubber export forecast by 6.1 percent to 936,437 metric tons, according to a monthly report on the ministry’s website today. It had previously forecast rubber exports at 882,232 tons this year.

Asia Commercial Bank (ACB) (ACB VN) gained 1.6 percent to 25,000 dong. The lender plans to raise its registered capital by 30 percent to about 12.4 trillion dong ($595 million) by selling 3 million shares to its existing shareholders, Vietnam Investment Review reported without saying where it got the information or providing timeframe.

To contact Bloomberg News staff on this story: Nguyen Dieu Tu Uyen in Hanoi at uyen1@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net


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