Vietnam’s Stocks: Kinh Do Corp, Pacific Property, Sacombank

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 (VNINDEX), the benchmark measure of the Ho Chi Minh City Stock Exchange, fell 0.1 percent to 423.43. The gauge gained 5 percent this week.

The VN-30 Index (VN30), a free-float adjusted, market capitalization-weighted index of 30 stocks that have the highest market value and liquidity on the bourse, rose 0.3 percent to 477.77.

Kinh Do Corp. (KDC) , which produces baked goods and candy, climbed 4.5 percent to 37,000 dong, the highest since Sept. 15. The company will pay a 2011 dividend of 1,200 dong (6 U.S. cents) a share on April 12, according to an exchange filing.

Pacific Property & Infrastructure Development Joint-Stock Co. (PPI) , a Ho Chi Minh City-based construction company, dropped 4.8 percent to 5,900 dong, the largest advance since Nov. 24. Thanh Viet Fund Management plans to cut its entire 7 percent stake in Pacific Property from Feb. 28 to March 28, according to a statement on the exchange’s website.

Saigon Thuong Tin Commercial Joint-Stock Bank (STB) , known as Sacombank, jumped 4.8 percent to 19,600 dong, the highest level since Feb. 14. Its fourth-quarter net income rose 28 percent to 471.7 billion dong, according to a filing with the bourse.

To contact Bloomberg News staff for 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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