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Vietnam Stocks: Bien Hoa Sugar, Chuong Duong, Saigon Securities

Dec. 2 (Bloomberg) -- Vietnam’s VN Index, the benchmark measure of the Ho Chi Minh City Stock Exchange, gained 1.7 percent to 457.42, the highest since Oct. 18, at the 11 a.m. local time close.

Bien Hoa Sugar Joint-Stock Co. (BHS VN), a sugar manufacturer based in southern province of Dong Nai, rose 2.7 percent to 34,000 dong. The company plans to pay a dividend of 1,000 dong a share on Dec. 24, it said in a filing with the bourse.

Chuong Duong Corporation (CDC VN), a construction company, jumped 4.9 percent to 23,800 dong, the highest in three weeks. Rubber Finance Co. raised its stake in Chuong Duong to 17.12 percent from 16.01 percent, according to a statement on the exchange’s website.

Saigon Securities Joint-Stock Co. (SSI VN), the second-biggest brokerage by market share, advanced for a fourth day, gaining 4.7 percent to 26,600 dong, the highest since Oct. 7. The Ho Chi Minh City-based company plans to buy back 3 million shares within 90 days from Dec. 8, it said in an exchange filing.

To contact the Bloomberg News staff on 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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