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Vietnam Stocks: Vincom Joint-Stock Co., Phuc Tien Trade, Sao Ta

Dec. 20 (Bloomberg) -- Vietnam’s VN Index, the benchmark measure of the Ho Chi Minh City Stock Exchange, dropped 1.4 percent to 478.29 at the 11 a.m. local time close. The gauge closed at the lowest level since Dec. 10.

Vincom Joint-Stock Co. (VIC VN), Vietnam’s biggest listed property company, fell 4.6 percent to 92,500 dong, the lowest since Dec. 9. The Hanoi-based company will list an additional 469,375 shares on Dec. 24, it said in a company filing to the exchange’s website.

Phuc Tien Trade and Manufacturing Joint-Stock Co. (PHT VN), which designs and manufactures construction equipment, rose 4.8 percent to 15,200 dong. The company plans to buy back 1.6 million shares from Dec. 23 to Jan. 23, according to a statement on the bourse’s website.

Sao Ta Foods Joint-Stock Co. (FMC VN), which processes food, climbed 4.4 percent to 14,300 dong. The company will pay its shareholders a dividend of 1,500 dong a share on Jan. 14, a statement on the exchange’s website said.

To contact the Bloomberg News staff on 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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