Vietnam index gains 0.6pc, KDC up on dividend plan

27 Jan, 2015

HANOI: Vietnam's benchmark VN Index rose 0.59 percent at the break on Tuesday, led by strong rallies in some blue chips while the broader market moved mixed after a profit taking session.

Kinh Do Corp, the country's biggest confectionery producer, jumped 6.87 percent to an intra-day high in nearly three weeks, after the firm said to seek shareholders' approval to pay a cash dividend of 20,000 dong ($0.94) per share.

Dairy product maker Vinamilk advanced 3.52 percent, and VietinBank, Vietnam's top partly-private lender by assets, climbed 3.51 percent, having eased from a 10-month intra-day high in early trade, Reuters data showed.

The remaining shares moved range-bound in moderate volume, after investors took profits on Monday from some strong gains that brought the market near a two-month high close last week.

Copyright Reuters, 2015

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