Vietnam’s Stocks: Military Bank, Song Ba, VietinBank

01-Mar-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 close in HCM City.

The VN Index, the benchmark measure of the HCM City Stock Exchange, gained 1.2 percent to 428.41, the highest close since September 28.

The VN-30 Index, a free-float adjusted, market capitalisation-weighted index of 30 stocks that have the highest market value and liquidity on the bourse, rose for a fourth day, adding 1.7 percent to 485.85.

Military Commercial Joint-Stock Bank (MBB VN) climbed 3.5 percent to 14,700 dong, the highest close since it started trading on November 1. The lender was allocated a 17 percent credit- growth limit, the highest of central bank’s limit categories for 2012, Thoi Bao Kinh Te Vietnam newspaper reported today.

Song Ba Joint-Stock Co. (SBA VN), which builds hydroelectric power plants, rose 4.4 percent to 4,700 dong. The company will pay its shareholders a dividend of 500 dong a share on March 30, it said in a statement on the exchange’s website.

Vietnam Joint-Stock Commercial Bank for Industry & Trade (CTG VN) rose 2 percent to 25,200 dong. The company’s audited pre-tax profit rose 81 percent to 8.4 trillion dong ($403 million) in 2011, it said in a statement on February 25.

 


Category: Stocks

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