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Vietnam’s Equity Movers: Materials - Petroleum, FPT

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Dec. 14 (Bloomberg) -- Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the close.

The VN Index, the benchmark measure of the Ho Chi Minh City Stock Exchange, fell for a seventh day, dropping 1.1 percent to 367.55, the lowest close since May 2009.

FPT Corp. (FPT VN), Vietnam’s biggest publicly traded telecommunications and software company, fell 0.8 percent, the most since Nov. 15, to 49,000 dong,

Pretax profit of the company is estimated at 2.57 trillion dong ($122.3 million) this year, less than the company’s revised target of 2.62 trillion dong announced in July, Chief Executive Officer Truong Dinh Anh said in an interview yesterday. Revenue may be 26 trillion dong, compared with the target of 26.8 trillion dong, he said.

Materials - Petroleum Joint-Stock Co. (COM VN), a construction company and petroleum products trader, rose 4.7 percent to 31,200 dong. The company, known as Comeco, will pay its shareholders a dividend of 600 dong a share on Jan. 4, it said in a statement filed on the exchange’s website.

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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