Vietnam’s Stocks: Ninh Van Bay Real Estate, TMT Automobile

19-May-2012 Intellasia | Bloomberg | 7:01 AM Print This Post

Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the 2:15 p.m. close in HCM City. The VN Index (VNINDEX), the benchmark measure of the HCM City Stock Exchange, dropped for a seventh day, losing 1.6 percent to 442.58, the lowest close since April 4.

Ninh Van Bay Real Estate Joint-Stock Co. (NVT), which develops and manages resorts, slumped 4.6 percent to 4,200 dong, the biggest decline since February 15. The company posted a net loss of 11.7 billion dong ($560,000) for the first quarter this year, according to an exchange filing. That compared with a loss of 4.2 billion dong in the same period last year.

TMT Automobile Joint-Stock Co. (TMT), a Hanoi-based maker of automobile products, dropped 1.8 percent to 5,600 dong. The company will suspend operations at a branch in the southern province of Binh Duong from June 1 for six months, it said in a statement on the exchange’s website, without giving a reason.

 


Category: Stocks

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