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