The VN Index (VNINDEX), the benchmark measure of the Ho Chi Minh City Stock Exchange, climbed 0.9 percent to 449.04. The measure has gained 1.8 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, climbed 1.2 percent to 513.30.
LIX Detergent Joint-Stock Co. (LIX) , a producer of powder and liquid detergents, fell 3 percent to 32,500 dong, headed for the lowest close since Jan. 19. LIX’s 2012 pretax profit may drop to 80 billion dong ($3.8 million), from 86.4 billion in 2011, it said in a statement on its website. It also plans to pay a dividend of 2,500 dong a share this year, compared with 3,500 dong in 2011.
PetroVietnam Finance Joint-Stock Co. (PVF) gained for a fourth day, adding 3.8 percent to 13,700 dong, the highest since March 23. The company plans to sell 5 trillion dong of three- to five-year bonds as early as this quarter and 3 trillion dong of convertible notes later this year to help lower borrowing costs, according to Chief Executive Officer Nguyen Thien Bao.
Saigon Securities Joint-Stock Co. (SSI) rallied 3 percent to 20,600 dong, poised for its highest close since March 23. The company was ranked Vietnam’s biggest brokerage with a market share of 11.7 percent as of the end of the first quarter, the stock exchange said in a statement.
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