Vietnam Stocks: Bao Viet Holdings, Thien Nam, SSI, Saigon Fuel

The VN Index (VNINDEX), the benchmark measure of the Ho Chi Minh City Stock Exchange, rallied for a seventh day, rising 0.3 percent to 358.86, the highest level since Dec. 22.

Bao Viet Holdings (BVH), Vietnam’s biggest insurer, jumped 5 percent, the most since Dec. 5, to 46,200 dong. The company said pretax profit rose 22 percent in 2011 and revenue increased 21 percent.

Thien Nam Trading Import Export Corp. (TNA) , an importer of confectionery and trader of electrical appliances, steel and truck components, climbed 2 percent to a seven-day high of 20,000 dong. Thien Nam’s 2011 pretax profit increased by 26 percent to 50.3 billion dong ($2.4 million), while sales rose 24 percent to 1.1 trillion dong, according to a statement on the exchange’s website.

Saigon Securities Joint-Stock Co. (SSI) fell 2.1 percent to 13,700 dong, the biggest drop since Jan. 6. The company’s parent reported a loss of 59 billion dong in 2011. Saigon Securities will also shut down one office in Ho Chi Minh City, according to a statement on the exchange’s website today.

Saigon Fuel Joint-Stock Co. (SFC) , which sells gasoline and other petroleum products, slid for a second day, falling 4.2 percent to 22,800 dong. The Ho Chi Minh City-based company said four-quarter profit dropped to 29 billion dong from 55.1 billion dong in 2010, according to an exchange statement.