Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the end of morning trade at 11:30 a.m. in Ho Chi Minh City.
The VN Index, the benchmark measure of the Ho Chi Minh City Stock Exchange, fell for a third day, losing 1.5 percent to 437.53.
The VN-30 Index, a free-float adjusted, market capitalization-weighted index of 30 stocks that have the highest market value and liquidity on the bourse, dropped 2 percent to 495.71.
Everpia Vietnam Joint-Stock Co. (EVE VN), which designs, produces and sells bedding products, dropped 4.6 percent to 25,000 dong, set for a one-month low. Its fourth-quarter net income fell 27 percent to 34.2 billion dong ($1.64 million), according to an audited financial report posted on the exchange’s website.
Hoa Phat Group Joint-Stock Co. (HPG VN), Vietnam’s biggest listed steel producer, slid 4.1 percent to 23,300 dong. The company will start trading 31.4 million additional shares after March 9, according to an exchange statement.
Investment & Trading of Real Estate Joint-Stock Co. (ITC VN), which builds residential real estate, rose 4.1 percent to 10,100 dong, set for the highest close since Nov. 8. The company will pay a dividend of 500 dong per share on April 20, according to a filing with the bourse.