Shares of the following companies had unusual moves in Vietnam 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, the benchmark measure of the Ho Chi Minh City Stock Exchange, gained 0.3 percent to 441.03. The gauge increased 26 percent this quarter, the best three-month performance since September 2009.
Danang Rubber Joint-Stock Co. (DRC VN), dropped 1.4 percent to 27,500 dong, the lowest close since March 21. The company forecast pretax profit will fall 13 percent to 230 billion dong ($11.1 million) this year, it said in a statement on the exchange’s website.
Joint-Stock Commercial Bank for Foreign Trade of Vietnam (VCB VN), the country’s biggest listed lender by market value, advanced 1.1 percent to 29,000 dong. The lender plans to raise as much as $1 billion selling bonds in the international market at “a suitable time,” potentially this year, it said in a statement on its website.
Vincom Joint-Stock Co. (VIC VN), Vietnam’s largest listed real-estate company by market value, rose 1.6 percent to 96,000 dong. The company got Singapore Stock Exchange approval-in-principle to list as much as $300 million in convertible bonds, provided it meets “certain conditions,” it said in a statement filed on the bourse’s website.
— With assistance by Giang Nguyen