Bloomberg News

Vietnam Equity Movers: Hoa Binh Rubber, Licogi 16, Vietcombank

May 10, 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, fell 0.3 percent to 486.07.

Hoa Binh Rubber Joint-Stock Co. (HRC) , which produces and processes latex rubber, dropped 4.6 percent to 41,500 dong. September-delivery rubber in Shanghai slid as much as 0.8 percent to 25,965 yuan ($4,113) a ton.

Joint-Stock Commercial Bank for Foreign Trade of Vietnam (VCB VN), the country’s biggest listed lender by market value, increased 3.2 percent to 35,300 dong, the highest close since Nov. 6, 2009. Liquidity at banks has “clearly improved” since October, central bank Governor Nguyen Van Binh said, according to a transcript of an interview posted on the State Bank of Vietnam’s website after the market closed yesterday.

Licogi 16 Joint-Stock Co. (LCG) , a builder of roads and ports, rose 3 percent to 13,900 dong. The company will pay shareholders a dividend of 500 dong a share on July 6, it said in a statement filed 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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