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Article: Investors race to buy up shares in anticipation of dividend payouts.
- Article from:
- Vietnamese News Agency
- Article date:
- November 29, 2008
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Hanoi, November 29 (VNA) -- Investors are racing to buy more shares in order to participate in year-end dividend payouts, with stocks of some companies showing a rise in trading volume even when the rest of the market is seeing a downward trend.
Phu Thinh-Nha Be Garment Joint Stock Co (NPS) has topped the list at the Hanoi Trading Securities Centre (HASTC) by announcing it would pay a 40 percent dividend. Each share, there-fore, will receive 4,000 VND. Since the announcement, NPS shares have climbed for eight consecutive trading sessions, rising from 17,000 to close at 21,600 VND per share on Nov.28.
Quang Nam Mineral Industry Co (MIC) has announced a 17 ...