Vietnam’s Stocks: Ocean Group, Song Da Urban & Industrial Zone

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, slid 0.9 percent to 401.95, the lowest since May 26.

Ocean Group Joint-Stock Co. (OGC VN), a real estate group, fell 2.5 percent to 11,700 dong, the lowest level since it started trading on the exchange in May 2010.

The company said after-tax profit declined 29 percent to 99.3 billion dong ($4.8 million) in the second quarter, according to a statement filed on the exchange’s website. Profit dropped 40 percent to 117 billion dong in the first six months of the year.

Song Da Urban & Industrial Zone Investment & Development Joint-Stock Co. (SJS VN), a builder and trader of construction materials, fell 4.2 percent to 27,500 dong. The company reported its unconsolidated profit slumped 90 percent to 24.9 billion dong in the first half of the year, according to a statement on the Ho Chi Minh City Stock Exchange’s website.

-- Nguyen Kieu Giang. Editor: Richard Frost

To contact Bloomberg News staff for this story: Nguyen Kieu Giang in Hanoi at +84-4-3936-6725 or giang1@bloomberg.net

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

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