Vietnam’s Stock Movers: Minh Phu Seafood, PetroVietnam Drilling

Shares of the following companies had unusual moves in Vietnamese trading. Stock symbols are in parentheses and prices are as of the 2:15 p.m. close in Ho Chi Minh City. The VN Index (VNINDEX), the benchmark measure of the Ho Chi Minh City Stock Exchange, fell 0.7 percent to 413.98.

Minh Phu Seafood Joint-Stock Co. (MPC) , the country’s second-biggest listed seafood company, rose 3.1 percent to 29,900 dong, the highest close in two weeks. Its export sales rose 33 percent to $179 million in the first half of 2012, compared with the same period last year, according to a statement on the State Securities Commission’s website.

PetroVietnam Drilling & Well Services Joint-Stock Co. (PVD VN) decreased 0.6 percent to 34,600 dong. Crude oil fell from the highest close in more than a week after Premier Wen Jiabao said China’s economic recovery hasn’t gained momentum, stoking speculation that demand may ease in the world’s second-biggest crude consumer.

To contact Bloomberg News staff for this story: Diep Ngoc Pham in Hanoi at dpham5@bloomberg.net

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

Bloomberg reserves the right to edit or 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.