Vietnam’s Stocks: Ho Chi Minh City Infrastructure, Traphaco

Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses, and prices are as of the 11 a.m. local-time close.

The VN Index, the benchmark measure of the Ho Chi Minh City Stock Exchange, rose 0.4 percent to 522.59.

Binh Duong Trade and Development Joint-Stock Co. (TDC VN), a property developer, jumped 4.6 percent to 27,100 dong, the highest level since Oct. 29. The company plans to pay a dividend of 4,000 dong per share on April 13, according to a statement filed with the bourse.

Ho Chi Minh City Infrastructure Investment Joint-Stock Co. (CII VN), a construction and property company, dropped 2.2 percent to 36,100 dong, the biggest decline since Jan. 4. Deutsche Bank AG cut its stake in Ho Chi Minh City Infrastructure to 3.4 percent from 6.3 percent, according to an exchange statement.

Traphaco Joint-Stock Co. (TRA VN), a pharmaceuticals producer, gained 1.9 percent to 53,000 dong. Vietnam Azalea Fund Ltd. raised its stake in Traphaco to 22.7 percent from 20 percent, according to a filing on the bourse’s website.

To contact the Bloomberg News staff on this story: Diep Ngoc Pham in Hanoi at dpham5@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

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