Vietnam’s Stocks: CMC, Cotec Investment, Hung Vuong, Phu Nhuan
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, dropped 1.2 percent to 461.37. The gauge declined 9.6 percent this month, the third-worst performer among 90 world indexes tracked by Bloomberg.
CMC Corp. (CMG VN), a software maker and a provider of information technology related equipment and services, dropped for the first time in four day, losing 1.1 percent to 17,700 dong. The company’s fourth-quarter net profit fell 64 percent to 32.7 billion dong ($1.6 million), according to a statement on the exchange’s website.
Cotec Investment and Land-house Development Joint-Stock Co. (CLG VN), a property company, slumped 4.8 percent to 23,800 dong, the lowest since Aug. 10. The company posted a net loss of 31.5 billion dong in the fourth quarter, according to a statement on the bourse’s website, without giving a reason for the loss.
Hung Vuong Corp. (HVG VN), the second-biggest listed seafood company, snapped three days of gains, losing 1.9 percent to 20,400 dong. Net profit plunged 69 percent to 39.8 billion dong, according to a statement on the exchange’s website.
Phu Nhuan Jewelry Joint-Stock Co. (PNJ VN), the only jewelry manufacturer on the exchange, slid 4.2 percent to 32,100 dong, the lowest in six months. Net income fell 28 percent to 34.4 billion dong in the fourth quarter, according to a filing on the bourse’s website.
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