Vietnam’s Stocks: An Giang Fisheries, Hoa Binh Rubber, SSI
Shares of the following companies had unusual moves in Vietnamese trading. Stock symbols are in parentheses and prices are as of the 2:15 p.m. close in Ho Chi Minh City. The VN Index (VNINDEX), the benchmark measure of the Ho Chi Minh City Stock Exchange, rose 0.3 percent to 418.83, the highest close since July 2.
An Giang Fisheries Import & Export Joint-Stock Co. (AGF) which farms, processes, imports and exports seafood, gained 1 percent to 29,500 dong. Pan Pacific Corp. (PAN) raised stake in the company to 20 percent from 11 percent, according to a statement on the exchange’s website.
Hoa Binh Rubber Joint-Stock Co. (HRC) dropped 2.6 percent to 37,000 dong, the steepest slide since June 13. Rubber futures declined to the lowest level in more than two weeks after China’s Premier Wen Jiabao signaled more economic weakness, raising concern that demand will slow from the biggest user of the commodity used to make tires.
Saigon Securities Joint-Stock Co. (SSI VN), Vietnam’s biggest listed brokerage by market value, rose 1 percent to 20,900 dong, the highest price since June 25. Its unconsolidated net income was 119 billion dong ($5.7 million) in the second quarter, compared with a loss of 37.6 billion dong a year ago, according to a statement on its website.
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