Vietnam Stocks: Long An Food, PetroVietnam Drilling, Huu Lien
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 0.2 percent to 464.29.
Long An Food Processing Co. (LAF VN), a seafood company, rose 1.9 percent to 21,600 dong. The company will pay its shareholders a dividend of 1,200 dong on May 10, it said in a statement on the Ho Chi Minh City Stock Exchange’s website.
Huu Lien Asia Corp. (HLA) , which manufactures steel pipe, stainless steel pipe, and flat steel, dropped 2.2 percent to 9,000 dong. The company has received approval from the bourse to list an additional 1.66 million shares on April 13, according to a statement on the bourse’s website.
PetroVietnam Drilling and Well Services Joint-Stock Co. (PVD VN), which offers technical services to the oil and natural gas industry, climbed 3.9 percent to 54,000 dong, the highest since March 11.
Crude for May delivery rose as much as 63 cents, or 0.6 percent, to $110.93 a barrel, in electronic trading on the New York Mercantile Exchange, and was at $110.91 at 10:36 a.m. Singapore time.
--Nguyen Kieu Giang. Editor: Allen Wan
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