Vietnam’s Stocks: PetroVietnam Drilling, Vietnam Sea Transport

Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the 11 a.m. local-time close.

The VN Index, the benchmark measure of the HCM City Stock Exchange, gained for a third day, rising 0.8 percent to 414.46.

PetroVietnam Drilling & Well Services Joint-Stock Co. (PVD VN) rose 0.8 percent to 38,200 dong. Crude gained for a second day in New York as investors speculated that fuel demand will increase amid signs of an economic recovery and moves by European leaders to tame the region’s sovereign-debt crisis.

Vietnam Sea Transport & Chartering Joint-Stock Co. (VST VN), a shipping service provider, fell 3.4 percent to 5,600 dong. The HCM City-based company posted a net loss of 844.5 million dong ($40,300) in the third quarter, it said in an exchange filing.

 

Category: Stocks