Vietnamese Stocks: An Pha Petroleum, Chuong Duong, Long An Food
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 1.2 percent to 503.92, the biggest drop since Jan. 25, after the central bank raised the refinancing rate to 11 percent from 9 percent to curb inflation. The gauge slid 3.1 percent this week.
An Pha Petroleum Group Joint-Stock Co. (ASP VN), a liquefied petroleum gas importer and trader, slid 1.2 percent to 8,000 dong, the lowest close since Nov. 24. Net income slumped to 1.4 billion dong ($67,000) in 2010 from 38.1 billion dong in the previous year, according to an exchange filing.
Chuong Duong Corporation (CDC VN), an infrastructure construction company, gained 2.3 percent to 26,300 dong. The Ho Chi Minh City-based company targets pre-tax profit to rise 12 percent this year to 46 billion dong and plans to pay a dividend of 2,000 dong per share, according to a filing with the bourse.
Long An Food Processing Joint-Stock Co. (LAF VN), Vietnam’s biggest listed cashew processor and exporter, declined 1.8 percent to 22,500 dong, the lowest since Jan. 11. Nguyen Thi Thu Que, a major shareholder cut her stake in the company to 4.9 percent from 7.2 percent, according to a statement on the exchange’s website.
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