Bloomberg News

Vietnam Equity Movers: Ba Ria Thermal Power, Mirae, Vinh Hoan

June 01, 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, declined for a second day, sliding 0.1 percent to 428.80. The gauge dropped 2 percent this week.

Rubber Stocks: Saovang Rubber Joint-Stock Co. (SRC) slumped by the daily limit of 5 percent to 15,200 dong, the lowest close since April 24. Thong Nhat Rubber Joint-Stock Co. (TNC) fell 2.9 percent, to 16,600 dong. Rubber traded on the Tokyo Commodity Exchange lost 3.7 percent this week, erasing this year’s gains.

Ba Ria Thermal Power Joint-Stock Co. (BTP) , which generates electricity from gas turbine plants, advanced 4.9 percent to a one-week high of 6,400 dong. The company will pay a 2011 dividend of 700 dong a share tomorrow, it said in a statement on the exchange’s website.

Mirae Joint-Stock Co. (KMR) , which produces materials for the garment and textile industry, rose 4 percent to 5,200 dong, the highest close since May 25. The company plans to sell 6 million new shares at 10,000 dong each, according to a filing on its website.

Vinh Hoan Corp. (VHC) gained 1.4 percent to 37,500 dong. The seafood company plans to pay a 2011 dividend of 1,000 dong a share on Aug. 10, according to company figures posted on the exchange’s website.

To contact Bloomberg News staff for 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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