Bloomberg News

Vietnam’s Stocks: IDICO Infrastructure, Minh Phu Seafood

June 13, 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 0.1 percent to 427.61.

IDICO Infrastructure Development Investment Joint-Stock Co. (HTI VN) rose 2.3 percent to 9,000 dong. The company will pay its shareholders a dividend for 2011 of 700 dong a share on July 16, it said in a statement filed on the exchange’s website.

Minh Phu Seafood Joint-Stock Co. (MPC) , the country’s second-biggest listed seafood company, fell 4.7 percent to 30,300 dong, the biggest decline since March 28. Vietnam had 473 seafood exporters at the end of the first quarter, 40 percent fewer than the same period last year, Tuoi Tre newspaper reported, citing the Vietnam Association of Seafood Exporters & Processors. Many companies suspended operations because of lack of capital and raw materials, the report said.

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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