Vietnam Stocks: Habubank, Military Commercial, Thong Nhat Rubber

06-Apr-2012 Intellasia | Bloomberg | 7:01 AM Print This Post

Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the 11:30 a.m. break in HCM City.

The VN Index (VNINDEX), the benchmark measure of the HCM City Stock Exchange, fell 0.8 percent to 442.4.

Hanoi Building Commercial Joint-Stock Bank (HBB), also known as Habubank, rose 1.5 percent to 7,000 dong, heading for the highest close since March 27. The lender has received central bank approval “in principle” to merge with Saigon- Hanoi Commercial Joint-Stock Bank, Bui Thi Mai, chief executive officer of the bank, said by phone today.

Military Commercial Joint-Stock Bank (MBB) dropped 2 percent to 14,900 dong. The lender won approval from the stock exchange to list an additional 270 million shares, it said in a statement on the bourse’s website without providing a timeframe.

Thong Nhat Rubber Joint-Stock Co. (TNC) gained 3.3 percent to 15,600 dong, heading for the highest close since June 13. The company will pay its shareholders a dividend of 2,000 dong a share on May 2, it said in a statement.


Category: Stocks

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