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Vietnam’s Stocks: Bien Hoa Packaging, Sacombank Securities

July 19 (Bloomberg) -- Shares of the following companies had unusual moves in Vietnamese trading. Stock symbols are in parentheses and prices are as of the 2:15 p.m. close in Ho Chi Minh City. The VN Index, the benchmark measure of the Ho Chi Minh City Stock Exchange, rose 2.3 percent to 428.38, the steepest advance since May 25.

Bien Hoa Packaging Joint-Stock Co. (SVI VN) rose 4.6 percent to 22,800 dong, the highest close since June 29. The company will pay its shareholders a dividend of 1,000 dong a share, it said in a statement on the exchange’s website, without giving the timeframe.

Sacombank Securities Joint-Stock Co. (SBS VN) dropped 2.9 percent to 3,300 dong, the biggest decline since July 12. The company will be placed under exchange scrutiny from July 23 after reporting a 1.4 trillion dong ($67 million) loss, according to a statement on the bourse’s website today. The stocks will only be allowed to trade during the closing match auction from 1:45 p.m. until 2 p.m.

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: Richard Frost at rfrost4@bloomberg.net

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