Vietnam Stocks: Asia Commercial Bank, Phu Nhuan, Southern Rubber

Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of close in Ho Chi Minh City.

The VN Index (VNINDEX), the benchmark measure of the Ho Chi Minh City Stock Exchange, fell 0.8 percent to 438.52. The gauge climbed 1.5 percent this week. The VN-30 Index (VN30), a free-float adjusted, market capitalization-weighted index of 30 stocks that have the highest market value and liquidity on the bourse, dropped 1.2 percent to 496.87.

Asia Commercial Bank (ACB) (ACB VN) rose 0.8 percent to 25,300 dong. The lender has forecast pretax profit to rise to 5.5 trillion dong ($264 million) this year from 4.2 trillion dong in 2011, it said in a statement. Asia Commercial expects total assets to increase by as much as 40 percent and credit to grow at 17 percent this year, it said.

Phu Nhuan Jewelry Joint-Stock Co. (PNJ) , Vietnam’s only listed jewelry manufacturer, fell 3.5 percent to 38,500 dong. Gold headed for a weekly decline after dropping to a two-month low this week. The metal is 3.2 percent lower this week following a slump to $1,634.53 on March 14, the lowest price since Jan. 16.

Southern Rubber Industry Joint-Stock Co. (CSM) climbed 4.1 percent to 12,800 dong, the highest advance since March 9. Rubber futures advanced as much as 1.3 percent to 337.5 yen a kilogram on the Tokyo Commodity Exchange.

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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