Vietnam Stocks: Dong Hai, PetroVietnam Drilling & Well Services
The VN Index (VNINDEX), the benchmark measure of the Ho Chi Minh City Stock Exchange, fell 0.1 percent to 438.07.
The VN-30 Index (VN30), a free-float adjusted, market capitalization-weighted index of 30 stocks that have the highest market value and liquidity on the bourse, increased 0.1 percent to 497.22.
Dong Hai Joint-Stock Co. of Ben Tre (DHC VN), a paper manufacturer, rose 4.8 percent to 8,700 dong, the biggest gain since March 9. Nguyen Thanh Nghia, a major shareholder, plans to buy 1 million shares to boost his stake to 12.5 percent from 5.8 percent, according to a statement on the exchange’s website.
PetroVietnam Drilling & Well Services Joint-Stock Co. (PVD),, which offers technical services to the oil and natural-gas industry, gained 2.7 percent to 38,000 dong.
Oil traded near the highest price in a week in New York as investors bet that a U.S. economic recovery and Saudi Arabian crude output near the strongest level since at least 1980 signal fuel demand is increasing.
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