Bloomberg News

Vietnam Equity Movers: Thanh Cong Textile, Hai Van Cement

May 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, dropped 0.4 percent to 435.48. The gauge has declined 8.1 percent this month, poised for its steepest loss since November.

Thanh Cong Textile Garment Joint-Stock Co. (TCM) , which manufactures and markets textiles and garments, rose 4 percent to 10,300 dong, the highest close since May 22. The company will pay a dividend of 800 dong a share on June 14, it said in a statement on the bourse’s website.

Hai Van Cement Joint-Stock Co. (HVX) , a producer and trader of building materials, fell 3.5 percent to 5,900 dong. Vietnam may have a surplus of 6 million metric tons of cement this year, Thoi Bao Kinh Te Vietnam newspaper reported without saying where it obtained the information.

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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