Vietnam Stocks: Bao Viet Holdings, Thien Nam, SSI, Saigon Fuel

Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the close.

The VN Index, the benchmark measure of the Ho Chi Minh City Stock Exchange, rallied for a seventh day, rising 0.3 percent to 358.86, the highest level since Dec. 22.

Bao Viet Holdings, Vietnam’s biggest insurer, jumped 5 percent, the most since Dec. 5, to 46,200 dong. The company said pretax profit rose 22 percent in 2011 and revenue increased 21 percent.

Thien Nam Trading Import Export Corp. (TNA VN), an importer of confectionery and trader of electrical appliances, steel and truck components, climbed 2 percent to a seven-day high of 20,000 dong. Thien Nam’s 2011 pretax profit increased by 26 percent to 50.3 billion dong ($2.4 million), while sales rose 24 percent to 1.1 trillion dong, according to a statement on the exchange’s website.

Saigon Securities Joint-Stock Co. (SSI VN) fell 2.1 percent to 13,700 dong, the biggest drop since Jan. 6. The company’s parent reported a loss of 59 billion dong in 2011. Saigon Securities will also shut down one office in Ho Chi Minh City, according to a statement on the exchange’s website today.

Saigon Fuel Joint-Stock Co. (SFC VN), which sells gasoline and other petroleum products, slid for a second day, falling 4.2 percent to 22,800 dong. The Ho Chi Minh City-based company said four-quarter profit dropped to 29 billion dong from 55.1 billion dong in 2010, according to an exchange statement.

— With assistance by Nguyen Dieu Tu Uyen

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