Vietnam Daily News

Vietnam's Stocks: Binh Duong Trade, Petrolimex Gas, VietinBank

Written by Dailynews.vn Wednesday, 21 December 2011 16:47

Shares of the following companies had unusual (VNINDEX) moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the close in HCM City.

The VN Index, the benchmark measure of the HCM City Stock Exchange, added 0.4 percent to 367.4. The gauge lost 3 percent last week.

Binh Duong Trade & Development Joint-Stock Co. (TDC), a property development company, fell 2.3 percent to 8,600 dong. The company forecast net income will total 191 billion dong ($9.1 million) this year, missing its target of 208.7 billion dong, according to the exchange's website. Profit may be 206 billion in 2012, it said.

Petrolimex Gas Joint-Stock Corp. (PGC), a petrochemical company, gained 2 percent to 5,200 dong. The company will make the second payment of its 2010 dividend of 500 dong a share from January 16, according a statement on the bourse's website.

Vietnam Joint-Stock Commercial Bank for Industry & Trade (CTG), the country's second-biggest bank by assets, climbed 4.8 percent to a five-day high of 17,500 dong. VietinBank, as the company is known, will form a new unit to carry out global money transfer businesses, according to a statement on the exchange's website. The bank opened a branch in Laos last week, it said.

Source: www.intellasia.net/news/articles/stock_market/111351505.shtml