Vietnam’s Stocks: DIC Investment, Chuong Duong Corp., Kim Long

The VN Index (VNINDEX), the benchmark measure of the Ho Chi Minh City Stock Exchange, rose 1.1 percent to 362.66, the highest close since Dec. 21. The gauge rallied for an eighth day, the longest winning streak since a 13-day gain through Sept. 13.

DIC Investment & Trading Joint-Stock Co. (DIC VN), which offers investment services for construction projects, climbed 3.1 percent to 6,700 dong. The company has forecast net income to rise to 24.3 billion dong ($1.2 million) this year from 18.4 billion dong in 2011, it said in a statement filed on the stock exchange’s website. It also aims to achieve revenue of 1.42 trillion dong from 1 trillion dong last year.

Chuong Duong Corporation (CDC) , an infrastructure construction company, fell 3.5 percent to 5,500 dong. Vietnam Rubber Finance Ltd. will cut its stake in the company to 18.1 percent from 21.9 percent from Jan. 20 until March 20, according to a filing on the bourse’s website.

Kim Long Securities Corp. (KLS) rose 2.4 percent to 8,500 dong. The company’s revenue increased 41 percent to 383 billion dong last year, Dau Tu Chung Khoan magazine reported today. Net profit was at 184 billion dong, the report said without providing comparable figures.