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Vietnam’s Stocks: Petro Capital, Petroleum Equipment Assembly

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 City Stock Exchange, dropped 0.5 percent to 442.69.

Petro Capital & Infrastructure Investment Joint-Stock Co. (PTL VN), a construction company, fell for the first time in eight days, losing 1.2 percent to 8,500 dong. Ho Chi Minh City Infrastructure Investment Joint-Stock Co. (CII VN) will start selling 4.25 million Petro Capital shares from June 14, a statement on the stock exchange’s website said. Ho Chi Minh City Infrastructure Investment lost 3.8 percent to 25,600 dong.

Petroleum Equipment Assembly & Metal Structure Joint-Stock Co. (PXS VN), rallied 3.5 percent to 117,000 dong, the highest close since April 18. The company forecast net profit to triple to 65.7 billion dong ($3.1 million) in 2011, according to a filing on the stock exchange’s website.

Saigon Fuel Joint-Stock Co. (SFC VN), which sells gasoline and other petroleum products, climbed 4.3 percent to 24,400 dong. The company plans to buy back 200,000 shares from June 20 to Sept. 19, it said in a statement filed to the exchange.

--Nguyen Dieu Tu Uyen. With assistance from Diep Pham. Editor: Darren Boey

To contact the reporter on this story: Nguyen Dieu Tu Uyen in Hanoi at uyen1@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

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