Vietnam’s Stocks: Nam Kim Steel, Southern Seed, Savimex

The VN Index, the benchmark measure of the Ho Chi Minh City Stock Exchange, gained 0.3 percent to 423.64.

The VN-30 Index, a free-float adjusted, market capitalization-weighted index of 30 stocks that have the highest market value and liquidity on the bourse, rose 0.9 percent to 485.18.

Nam Kim Steel Joint-Stock Co. (NKG VN), which manufactures and trades steel products, fell 4.8 percent to 11,800 dong.

Vietnam has about 350,000 tons of steel in stockpile as the slowdown in property and construction cut demand, Tuoi Tre newspaper reported today, citing Vietnam Steel Association.

Southern Seed Corp. (SSC VN), a producer of crop seeds for farmers, gained 2.2 percent to 28,000 dong. The company will pay its shareholders a dividend of 1,000 dong on April 12, according to a statement filed on the exchange’s website.

Savimex Economic Cooperation & Import-Export Joint-Stock Co. (SAV VN), a furniture maker, exporter and real-estate developer, rose 1.8 percent to 17,000 dong. It will pay dividend of 700 dong a share from April 2, it said in a statement on the bourse’s website.