Vietnam’s Stocks: Phu Nhuan Jewelry, 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, fell 1.3 percent, to 434.43.
Phu Nhuan Jewelry Joint-Stock Co. (PNJ VN), Vietnam’s only listed jewelry manufacturer, retreated 2.5 percent to 35,600 dong, the lowest since Sept. 13.
Spot gold lost as much as 3.1 percent to $1,604.85 an ounce, the lowest level since July 27. December-delivery futures shed as much as 1.3 percent to $1,618 an ounce.
Transport Engineering Construction & Business Investment Stock Co. (NTB VN), a real-estate developer, slumped for the second day, dropping 4.8 percent to 8,000 dong, the most since Aug. 19. Company’s Chairman Tran Kim Minh will cuts his stake to 21.8 percent from 23.2 percent, according to a statement on the bourse’s website.
Vietnam Mechanization Electrification & Construction Joint-Stock Co. (MCG VN), which makes machinery and provides construction services, fell 2.8 percent to 10,400 dong.
The company revised its 2011 net profit forecast down 44 percent to 74.6 billion dong ($3.58 million), it said in a statement on the exchange’s website.
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