Vietnam Stock Movers: Binh Dinh Minerals, Phu Nhuan Jewelry

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, rose 1.6 percent to 416.77. That’s the steepest increase since June 21.

Binh Dinh Minerals Joint-Stock Co. (BMC VN), a miner and trader of metal ores, increased 4.7 percent to 24,700 dong, the highest level since May 13. The company will pay shareholders a dividend of 1,000 dong per stock on Aug. 17, it said in a statement filed on the bourse’s website.

Phu Nhuan Jewelry Joint-Stock Co. (PNJ VN), the only jewelry manufacturer on the exchange, fell 0.4 percent to 25,800 dong. International gold may decline for a second day, extending a drop from a record, after President Barack Obama backed a plan to cut the deficit, potentially paving the way for raising the U.S. debt ceiling and avoiding default.

Immediate-delivery gold was little changed at $1,589.35 an ounce after touching an all-time high of $1,610.10 yesterday. Gold closed 1 percent lower.

To contact the reporter on this story: Nguyen Kieu Giang in Hanoi at giang1@bloomberg.net

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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.