Vietnam equity movers: Licogi 16, Tuong An Vegetable, Binh Duong

TN News

Email Print

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, the benchmark measure of the Ho Chi Minh City Stock Exchange, rose 1 percent to 433.86.

The VN-30 Index, a free-float adjusted, market capitalization-weighted index of 30 stocks that have the highest market value and liquidity on the bourse, added 1 percent to 491.23.

Licogi 16 Joint-Stock Co. (LCG VN), a builder of roads and ports, fell 4.3 percent to VND11,200. The company forecasts net income to fall to VND102 billion ($4.9 million) this year from VND120.7 billion in 2011, it said in a statement filed on the exchange's website. Revenue is expected to fall to VND1.1 trillion from VND1.75 trillion, it said.

Tuong An Vegetable Oil Joint-Stock Co. (TAC VN), a maker and trader of cooking oil and margarine, rose 4.7 percent to VND26,500, set for the highest close since May 13, 2011. The company will pay a dividend of VND1,600 on May 11, according to a statement on the bourse's website.

Binh Duong Construction and Civil Engineering Joint-Stock Co. (BCE VN) surged by the 5 percent daily limit to VND8,400. The company will pay its shareholders a dividend of VND1,700 a share from May 7, according to a statement on the bourse's website.

More Business News