Vietnam’s Stocks: Kinh Do Corp, Pacific Property, Sacombank
The VN Index (VNINDEX), the benchmark measure of the Ho Chi Minh City Stock Exchange, fell 0.1 percent to 423.43. The gauge gained 5 percent this week.
The VN-30 Index (VN30), a free-float adjusted, market capitalization-weighted index of 30 stocks that have the highest market value and liquidity on the bourse, rose 0.3 percent to 477.77.
Kinh Do Corp. (KDC) , which produces baked goods and candy, climbed 4.5 percent to 37,000 dong, the highest since Sept. 15. The company will pay a 2011 dividend of 1,200 dong (6 U.S. cents) a share on April 12, according to an exchange filing.
Pacific Property & Infrastructure Development Joint-Stock Co. (PPI) , a Ho Chi Minh City-based construction company, dropped 4.8 percent to 5,900 dong, the largest advance since Nov. 24. Thanh Viet Fund Management plans to cut its entire 7 percent stake in Pacific Property from Feb. 28 to March 28, according to a statement on the exchange’s website.
Saigon Thuong Tin Commercial Joint-Stock Bank (STB) , known as Sacombank, jumped 4.8 percent to 19,600 dong, the highest level since Feb. 14. Its fourth-quarter net income rose 28 percent to 471.7 billion dong, according to a filing with the bourse.
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