Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of 1:23 p.m. in HCM City.
The VN Index (VNINDEX), the benchmark measure of the HCM City Stock Exchange, gained 1.1 percent to 445.89. The VN-30 Index (VN30), a free-float adjusted, market capitalisation-weighted index of 30 stocks that have the highest market value and liquidity on the bourse, climbed 1.2 percent to 505.95.
Domesco Medical Import Export Joint-Stock Co. (DMC), a maker of pharmaceutical products, surged 4.8 percent to 32,500 dong. Domesco is targeting a 12 percent growth in 2012 net profit and a dividend payment of between 2,000 and 2,200 dong per share, according to its website.
Rubber Stocks: Hoa Binh Rubber Joint-Stock Co. (HRC) jumped 4.6 percent to 41,000 dong. Thong Nhat Rubber Joint-Stock Co. (TNC VN) rose 4.9 percent to 15,100 dong. Phuoc Hoa Rubber Joint-Stock Co. (PHR) rallied 2.8 percent to 26,200 dong.
Vietnam’s Ministry of Agriculture and Rural Development raised its 2012 rubber export forecast by 6.1 percent to 936,437 metric tonnes, according to a monthly report on the ministry’s website today. It had previously forecast rubber exports at 882,232 tonnes this year.
Binh Duong Mineral and Construction Joint-Stock Co. (KSB VN), a mining and building company, fell 3.2 percent to 24,100 dong. The company has forecast net profit of 105 billion dong ($5 million) this year, down from 118.3 billion dong in 2011, according to company figures on its website.