Vietnam’s Stocks: Pomina Steel, H.A.I, Pacific, Viet Thang

Vietnam’s VN Index (VNINDEX), the benchmark measure of the Ho Chi Minh City Stock Exchange, dropped 0.2 percent to 449.71 today. The gauge slid 1.7 percent this week.

Pomina Steel Corp. (POM) , the biggest listed steel producer, fell 2.4 percent to 32,200 dong, the lowest since Aug. 13. Pomina Steel plans to start trading 24.45 million additional shares on Sept. 29, according to a company filing on the bourse’s website.

H.A.I Joint-Stock Co. (HAI) , a producer and trader of agricultural chemical products, slid 1.2 percent to 33,100 dong. The company said Pham Van Nung plans to cut his stake to 6.21 percent from 7.46 percent, according to an exchange statement.

Pacific Property and Infrastructure Development and Investment Joint-Stock Co. (PPI VN), a builder and maker of construction materials, advanced 4.9 percent to 25,500 dong, the biggest increase since April 28. Chairman and Chief Executive Officer Pham Duc Tan plans to buy 130,000 shares from Sept. 28 to raise his stake to 9.3 percent from 8 percent, according to a filing on the bourse’s website.

Phuc Tien Trade & Manufacturing Joint-Stock Co. (PHT) , which makes construction equipment, metal roofing and other steel products, rose for the first time this week, gaining 4.3 percent to 16,900 dong. The company will pay a dividend of 1,000 dong per share in November, according to a statement on the exchange’s website.

Viet Thang Aquafeed Joint-Stock Co. (VTF VN), a seafood company in the southern province of Dong Thap, started trading 18 million shares today with a reference price of 21,000 dong, according to an e-mailed statement from the exchange. The shares closed at 18,100 dong, valuing the company at 325.8 billion dong ($16.7 million).

To contact the Bloomberg Staff on this story: Nguyen Dieu Tu Uyen in Hanoi at Uyen1@bloomberg.net Diep Ngoc Pham in Hanoi at dpham5@bloomberg.net;

To contact the editor responsible for this story: Linus Chua at lchua@bloomberg.net

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