Bloomberg News

Vietnam Equity Movers: Huu Lien Asia, Ocean Group

July 05, 2012

Shares of the following companies had unusual moves in Vietnamese trading. Stock symbols are in parentheses and prices are as of the 2:15 p.m. close in Ho Chi Minh City. The VN Index (VNINDEX), the benchmark measure of the Ho Chi Minh City Stock Exchange, rose 0.8 percent to 413.83, the first gain in four days.

Huu Lien Asia Corp. (HLA) , which manufactures steel pipes, dropped 2.3 percent to 4,300 dong, the lowest close since Feb. 21. Vietnam’s steel consumption fell by 170,000 metric tons from a year earlier to 2.22 million tons in the first half, Thoi Bao Kinh Te Vietnam newspaper reported today, without saying where it got the information.

Ocean Group Joint-Stock Co. (OGC) , a real-estate and financial company, climbed 4.8 percent to 13,000 dong, the steepest advance since June 6. The company will pay its shareholders a dividend of 500 dong per share on July 30, 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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