Vietnam Stocks: VietinBank, Petroleum Industrial, Saigon Garment

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 1.9 percent to 434.41, the steepest increase since May 25.

Petroleum Industrial & Civil Construction Joint-Stock Co. (PXI VN), which builds petroleum plants and equipment, jumped 4.2 percent to 7,500 dong, its third day of gain. The company will pay shareholders a dividend of 300 dong a share on July 2, it said in a statement filed on the bourse’s website.

Saigon Garment Manufacturing Joint-Stock Co. (GMC) , an apparel manufacturer in Ho Chi Minh City, increased 4 percent to 18,100 dong. The company plans a dividend of 1,500 dong a share on July 6, according to an exchange filing.

Vietnam Joint Stock Commercial Bank for Industry & Trade (CTG VN), the country’s second-largest publicly traded bank by market value, known as VietinBank, rose 0.5 percent to 20,500 dong at close after rising to as high as 21,000 dong during the trading session.

Standard & Poor’s yesterday raised the rating outlook of Vietinbank to stable from negative.

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

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