Vietnam Equity Movers: Licogi 16, Tuong An Vegetable, Binh Duong

Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the close in Ho Chi Minh City.

The VN Index (VNINDEX), the benchmark measure of the Ho Chi Minh City Stock Exchange, rose 1 percent to 433.86.

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, added 1 percent to 491.23.

Licogi 16 Joint-Stock Co. (LCG) , a builder of roads and ports, fell 4.3 percent to 11,200 dong. The company forecasts net income to fall to 102 billion dong ($4.9 million) this year from 120.7 billion dong in 2011, it said in a statement filed on the exchange’s website. Revenue is expected to fall to 1.1 trillion dong from 1.75 trillion dong, it said.

Tuong An Vegetable Oil Joint-Stock Co. (TAC) , a maker and trader of cooking oil and margarine, rose 4.7 percent to 26,500 dong, set for the highest close since May 13, 2011. The company will pay a dividend of 1,600 dong on May 11, according to a statement on the bourse’s website.

Binh Duong Construction and Civil Engineering Joint-Stock Co. (BCE VN) surged by the 5 percent daily limit to 8,400 dong. The company will pay its shareholders a dividend of 1,700 dong a share from May 7, according to a statement on the bourse’s website.

To contact Bloomberg News staff for this story: Nguyen Kieu Giang in Hanoi at giang1@bloomberg.net

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

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.