Vietnam’s Equity Market: Bien Hoa Sugar, Transport Engineering
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, gained 1.5 percent to 459.23. The gauge declined 1.7 percent this week.
Bien Hoa Sugar Joint-Stock Co. (BHS VN), a sugar manufacturer, rose 3.5 percent to 29,800 dong. Sugar prices may gain next week on concern that supplies will be limited from Brazil, the world’s largest producer, according to a Bloomberg News survey of 12 traders.
Transport Engineering Construction & Business Investment Stock Co. 584 (NTB VN), a real-estate developer, fell for a fifth day, dropping 4 percent to a record low of 12,000 dong. Fourth-quarter net profit slumped 95 percent to 4.29 billion dong ($206,000) from the same period last year as banks curbed lending for property investment, according to a statement posted on the exchange’s website.
Vietnam Mechanization Electrification & Construction Joint- Stock Co. (MCG VN), which provides construction services and makes machinery, jumped 4.6 percent to 13,600 dong. Do Quang Vinh raised his stake in the company to 6.1 percent from 4.2 percent, according to a filing with the bourse.
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