Vietnam Stocks: Petro Capital, Tay Nguyen Electricity, Vien Dong
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, rose for a fifth day, advancing 1.3 percent to 424.71. The gauge climbed 4.7 percent this month, the biggest monthly gain since January.
Petro Capital & Infrastructure Investment Joint-Stock Co. (PTL VN), a construction company, surged by the daily limit of 5 percent to 8,400 dong, the highest since July 26. The Ho Chi Minh City-based company plans to buy back 7 million shares from Sept. 6 to Dec. 6, according to a filing with the bourse.
Tay Nguyen Electricity Investment Joint-Stock Co. (TIC VN) a power company that also engages in construction of civil engineering works and production of rubber products, increased 1.3 percent to 7,600 dong. The company plans to buy back 300,000 shares from Sept. 12 to Nov. 12, according to a statement on the exchange’s website.
Vien Dong Pharma Joint-Stock Co. (DVD VN), a Ho Chi Minh City-based drugmaker, fell a fourth day, losing 2.7 percent to 3,600 dong, a record low. Vien Dong will be delisted on Sept. 5 and its last trading day is tomorrow, the bourse said in a statement on its website.
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