Vietnamese brewer Sabeco's shares jump 20% on debut

Hanoi

SHARES of state-controlled Sabeco, Vietnam's biggest brewer, jumped the maximum allowed 20 per cent upon listing on Tuesday as investors wanted exposure to the dominant player in one of Asia's most sought-after beer markets.

The shares of Sabeco, or Saigon Beer, Alcohol, Beverage Corporation, rose from an opening price of 110,000 dong (S$ 6.87) to hit 132,000 dong, data from the Ho Chi Minh Stock Exchange showed.