Vietnam Stock Market News

Vietnam stocks: Mekong Fisheries, Ben Tre, Tan Tien Plastic   2009-10-05 - Bloomberg

Vietnam’s benchmark VN Index, a measure of 173 companies on the Ho Chi Minh City Stock Exchange, dropped for a fourth day, falling 0.1 percent to 549, the lowest since Sept. 11, extending last week’s 5.7 percent decline.

Among the index members, 79 fell and 62 gained.

Ben Tre Aquaproduct Import & Export Joint-Stock Co. (ABT VN), Vietnam’s third-biggest listed seafood company, fell 1.9 percent to VND78,000. The company plans to issue about 3.2 million bonus shares for its existing investors, it said in a statement filed on the exchange’s website, without giving a timeframe.

Mekong Fisheries Joint-Stock Co., a seafood processor and exporter, climbed 5 percent to close at VND63,000, the biggest gainer on the bourse today. It has rallied 38 percent since listing on Sept. 24.

The company, based in the Mekong Delta city of Can Tho, raised its full-year pretax profit forecast 37 percent to VND37 billion ($2 million) as a recovery in the global economy boosted its overseas shipments, according to a company statement on the Ho Chi Minh City Stock Exchange’s website.

Saigon General Service Joint-Stock Co. slid 1.5 percent to VND45,500 dong. Vietnam Opportunity Fund Ltd. cut its holding in the company to 5.3 percent from 6.7 percent, the Ho Chi Minh City-based company said in a statement filed on the exchange’s website.

Tan Tien Plastic Packing Joint-Stock Co., a Vietnamese packaging maker partly owned by Citigroup Inc., declined 2.6 percent to VND56,500, the lowest since Aug. 24. Saigon Securities, Inc. has reduced its stake in Tan Tien Plastic to 4.9 percent from 7.6 percent, according to a statement on the bourse’s website.

Other Financial News

Market rallies on good corporate, global news   2009-09-14 HCMC stocks see 'correction'   2009-09-10 VN-Index edges down, but may advance on economic data: broker   2009-09-05 Vietnam stock market outperformance may end, Credit Suisse says   2009-09-03

VN-Index starts new month on positive note   2009-09-02 Stocks advance on brighter economic prospects   2009-08-31 VN-Index goes past 540 despite fuel price hikes, Asian losses   2009-08-31 Foreign investment in Vietnam stocks $5 bln   2009-08-29 Blue-chip sell-off drags market down   2009-08-26 Markets gain on strike in trading   2009-08-24 HNX-Index Rises, Led by US Rally   2009-08-19 Banks moving to list shares on HCM City exchange   2009-08-17 UpCom lacking banks, why?   2009-08-14 Stock market bustling, more businesses enter the bourse   2009-08-13