Vietnam’s Stocks: Ho Chi Minh Infrastructure, Son Ha, Viet-Han
Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses, and prices are as of the 11 a.m. local-time close.
The VN Index, the benchmark measure of the Ho Chi Minh City Stock Exchange, dropped 0.45 percent to 432.31, the lowest close since June 20.
Ho Chi Minh City Infrastructure Investment Joint-Stock Co. (CII VN), a construction and property company, fell 1.6 percent to 24,800 dong. Finance Director and Chief Accountant Le Quoc Binh sold a 0.67 percent stake in the company, according to an exchange statement.
Son Ha International Corp. (SHI) , which manufactures stainless steel plumbing products, slid 3.4 percent to 11,400 dong, the lowest level since May 31. Thang Long Securities Joint-Stock Co. plans to sell its 6 percent stake in Son Ha from June 30 to Aug. 28, according to a filing with the bourse.
Viet-Han Corp. (VHG) , which manufactures telecommunications cables, materials and fiber-reinforced polymer products, gained 3.5 percent to 8,800 dong. The company will pay a 2010 dividend of 900 dong per share on Aug. 1, it said in a statement filed with the exchange.
--Diep Ngoc Pham in Hanoi. Editor: Darren Boey
To contact the Bloomberg News staff on this story: Diep Ngoc Pham in Hanoi at firstname.lastname@example.org
To contact the editor responsible for this story: Darren Boey at email@example.com