Vietnam Equity Mover Column: VietinBank, Sacombank Securities
The VN Index (VNINDEX), the benchmark measure of the Ho Chi Minh City Stock Exchange, added 0.3 percent to 429.39.
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 0.8 percent to 486.42.
Vietnam Joint Stock Commercial Bank for Industry & Trade (CTG VN), the country’s second-largest publicly traded bank by market value, increased 1.7 percent to 24,700 dong.
The State Bank of Vietnam lowered the refinancing rate to 14 percent from 15 percent, effective today, according to a statement on its website yesterday. The central bank also cut the dong deposit cap for terms of one-month and more to 13 percent from 14 percent, it said.
Sacombank Securities Joint-Stock Co. (SBS VN), rose 4.6 percent to 4,600 dong. The company raised 800 billion dong ($38.4 million) selling three-year convertible bonds, it said in a statement posted on the bourse’s website. The securities company sold the bond at a coupon of 13 percent, according to the statement.
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