Vietnam Equity Movers: NBB Investment, Saovang Rubber
Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the close in Ho Chi Minh City.
The VN Index (VNINDEX), the benchmark measure of the Ho Chi Minh City Stock Exchange, fell 0.5 percent to 399.73, snapping a five-day winning streak. The VN-30 Index (VN30), a free-float adjusted, market cap-weighted index of 30 stocks that have the highest market capitalization and liquidity on the bourse, dropped 0.4 percent to 447.47.
NBB Investment Corp. (NBB) , a Ho Chi Minh City-based property developer, rose 1.6 percent to 45,900 dong, the highest level since Jan. 10. The company’s unconsolidated net income jumped to 11 billion dong ($520,000) in the fourth quarter, from 991 million dong a year earlier, NBB said in a statement on the exchange’s website.
Saovang Rubber Joint-Stock Co. (SRC) fell 4.1 percent to 7,000 dong. Vietnam may export 778,477 metric tons of rubber in 2012, the Ministry of Agriculture and Rural Development forecast in a report on its website Feb. 3. That’s 12 percent lower than the ministry’s January estimate.
To contact Bloomberg News staff for 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
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