Vietnam Stocks: Masan Group, Military Bank, Petroleum Pipeline
The VN Index (VNINDEX), the benchmark measure of the Ho Chi Minh City Stock Exchange, rose 0.5 percent to 411.39. The VN-30 Index (VN30), a free-float adjusted, market cap-weighted index of 30 stocks that have the highest market capitalization and liquidity on the bourse, gained 0.8 percent to 464.73.
Masan Group Corp. (MSN) , the nation’s biggest publicly traded company, rose 1.9 percent to 108,000 dong, the highest since Feb.3. Fourth-quarter net income climbed 48 percent from a year earlier to 1.3 trillion dong ($62 million), it said in a statement on its website. For the whole 2011, net profit surged 79 percent to 3.3 trillion dong, it said.
Military Commercial Joint-Stock Bank (MBB) (MBB VN) rose 2.3 percent to 13,400 dong. The lender will pay its shareholders a dividend of 300 dong a share on March 15, it said in a statement on the exchange’s website.
Petroleum Pipeline & Tank Construction Joint-Stock Co. (PXT VN) gained 3.9 percent to 5,300 dong. The company plans to buy back 800,000 shares from Feb. 15 to May 15, according to a statement on the bourse’s website.
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