The VN Index, the benchmark measure of the Ho Chi Minh City Stock Exchange, rose 0.3 percent to 401.08. The VN-30 Index, a free-float adjusted, market cap-weighted index of 30 stocks that have the highest market capitalization and liquidity on the bourse, gained 0.4 percent to 449.31 on its third day of trading.
Materials - Petroleum Joint-Stock Co. (COM VN), a construction company and petroleum products trader, known as Comeco, dropped 4.3 percent to 24,300 dong. The company forecast its net income will fall 10 percent to 30 billion dong (1.43 million) this year, it said in a statement filed on the bourse’s website today.
Sacombank Securities Joint-Stock Co. (SBS VN), fell 2.6 percent to 3,800 dong, the biggest loss since Jan. 9. The brokerage posted an unconsolidated loss of 352 billion dong in the fourth quarter and a loss of 610 billion dong for 2011, it said in a statement on the bourse’s website.
Thien Nam Trading Import Export Corp. (TNA VN), an importer of confectionery and trader of electrical appliances, steel and truck components, climbed 3.4 percent to 21,500 dong, the highest since Nov. 24. The company plans to pay its shareholders a dividend of 1,000 dong a share on March 30, according to a statement on the exchange’s website.
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