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HANOI, Dec 1 Asia Pulse - 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 Vietnamese 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 (US$0.24). 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 percent dividend and seen share prices rise for the last 10 trading sessions, ending the day at 74,800 VND per share.
Dong Nai Plastics Joint Stock Co (DNP) shares have climbed for four consecutive trading sessions, with buy orders massively outnumbering ...
Source: HighBeam Research, INVESTORS RACE TO BUY UP SHARES IN ANTICIPATION OF DIVIDEND PAYOUTS.