Vietnam’s Equities: Vung Tau Real, Southern Seed, Vinh Hoan
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, advanced for a second day, climbing 0.7 percent to 404.41. The gauge rose 0.9 percent this week.
Southern Seed Corp. (SSC) , a producer of crop seeds for farmers, gain 4.2 percent to 19,900 dong, the largest rally since Aug. 17. The company’s second-quarter net profit increased 52 percent to 27.4 billion dong ($1.3 million), it said in a statement filed on the bourse’s website.
Vung Tau Real Estate & Construction Joint-Stock Co. (VRC VN), which provides construction services, surged for a second day, jumping 4.4 percent to 9,400 dong. The company will pay its investors a 2010 dividend of 1,000 dong a share, according to a statement on the exchange. It will also buy back 500,000 shares from Sept. 7, the statement said.
Vinh Hoan Corp. (VHC) , the second-biggest publicly traded seafood processor, increased 2 percent to 31,400 dong, the highest close since June 9. The company’s net profit jumped 92 percent to 127.3 billion dong in the second quarter, according to a statement on the exchange’s website.
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