Vietnam’s Stocks: Phu Nhuan Jewellery, Transport Engineering

28-Sep-2011 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 11 a.m. local-time close.

The VN Index, the benchmark measure of the Ho Chi Minh Stock Exchange, fell 1.3 percent, to 434.43.

Phu Nhuan Jewellery Joint-Stock Co. (PNJ), Vietnam’s only listed jewellery manufacturer, retreated 2.5 percent to 35,600 dong, the lowest since September 13.

Spot gold lost as much as 3.1 percent to $1,604.85 an ounce, the lowest level since July 27. December-delivery futures shed as much as 1.3 percent to $1,618 an ounce.

Transport Engineering Construction & Business Investment Stock Co. (NTB), a real-estate developer, slumped for the second day, dropping 4.8 percent to 8,000 dong, the most since August 19. Company’s Chair Tran Kim Minh will cuts his stake to 21.8 percent from 23.2 percent, according to a statement on the bourse’s website.

Vietnam Mechanisation Electrification & Construction Joint-Stock Co. (MCG), which makes machinery and provides construction services, fell 2.8 percent to 10,400 dong.

The company revised its 2011 net profit forecast down 44 percent to 74.6 billion dong ($3.58 million), it said in a statement on the exchange’s website.


Category: Stocks

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