Vietnam Stocks: My Chau, PetroVietnam Fertilizer, Tay Ninh
Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses, and prices are as of the 11 a.m. local-time close.
The VN Index, the benchmark measure of the Ho Chi Minh City Stock Exchange, fell 0.9 percent to 513.11.
My Chau Printing & Packaging Holdings Co. (MCP VN), a maker of metal packaging, advanced 1.9 percent to 10,900 dong. The company plans to pay a dividend of 800 dong per share on March 11, according to a statement on the bourse’s website.
PetroVietnam Fertilizer & Chemical Joint-Stock Co. (DPM VN) dropped 1.8 percent to 42,600 dong. The Ho Chi Minh City-based company and Vietnam Oil & Gas Group, its parent company, have decided to stop a $1.5 billion project to produce fertilizer in Morocco because its rate of return rate is expected to be less than 9 percent a year, the Dau Tu newspaper reported, citing PetroVietnam.
Tay Ninh Rubber Joint-Stock Co. (TRC VN), the third-biggest listed rubber company, declined 1.5 percent to 66,000 dong. Rubber dropped for the first time in six days as investors locked in gains after the price climbed to a record.
Vietnam Container Shipping Joint-Stock Co. (VSC VN), a port management and cargo-handling services provider, jumped 4.1 percent to 64,000 dong, the biggest gain since Aug. 30. The company, based in the northern port city of Haiphong, reported net income rose 16 percent to 179.7 billion dong ($8.6 million) in 2010, according to an exchange filing.
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