The VN Index (VNINDEX), the benchmark measure of the Ho Chi Minh City Stock Exchange, dropped for a second day, losing 2.3 percent to 395.54, the biggest loss since Sept. 16.
Hanoi Post & Telecom Construction & Installation Joint- Stock Co. (HAS VN), which offers cellular and fixed-line telephone services, dropped 4.3 percent to 4,500 dong, the biggest loss since Feb. 1. The Hanoi-based company had a net loss of 4.9 billion dong ($240,000) in the fourth quarter, according to a statement on the exchange’s website.
Petro Capital & Infrastructure Investment Joint-Stock Co. (PTL VN), a construction company, fell for the first time in a week, falling 4.4 percent to 4,300 dong. The company, also known as Petroland, will delay payment of a 2011 dividend until June 20, from an initially planned Feb. 10, according to a company statement on the exchange’s website. Petroland delayed the payment because of lack of funds, it said.
PetroVietnam Transportation Corp. (PVT) fell 2.8 percent to 3,500 dong, the lowest close since Jan. 30. The company, known as PV Trans, had a loss of 4.13 billion dong in the fourth quarter, according to the company’s financial statement posted on the bourse’s website.
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