Bloomberg News

Vietnam’s Stocks: Agriseco, Becamex Infrastructure, Phu Nhuan

September 30, 2011

Sept. 30 (Bloomberg) -- 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 for a third day, losing 0.1 percent to 427.60. The gauge has slipped 1.1 percent since June, its third straight quarterly loss.

Agribank Securities Joint-Stock Co. (AGR VN), the brokerage unit of Vietnam’s biggest bank by assets, gained 1.2 percent to 8,500 dong. The Hanoi-based company, known as Agriseco, will pay a dividend of 700 dong a share on Oct. 31, according to an exchange filing.

Becamex Infrastructure Development Joint-Stock Co. (IJC VN), which develops real estate, slumped 4.3 percent to 13,300 dong, the biggest loss since Sept. 6. Bank for Investment and Development of Vietnam plans to sell 2 million shares in Becamex Infrastructure from Oct. 3 to Dec. 2, according to a statement on the bourse’s website.

Phu Nhuan Jewelry Joint-Stock Co. (PNJ VN), Vietnam’s only listed jewelry manufacturer, jumped 4.8 percent to 39,000 dong, the highest close since July 6, 2010.

Gold climbed, set for a 12th consecutive quarterly advance, as investors sought to protect their wealth against Europe’s sovereign-debt crisis and a potential slowdown in the global economy.

--Diep Ngoc Pham. Editor: Matthew Oakley

To contact Bloomberg News staff for this story: Diep Ngoc Pham in Hanoi at dpham5@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net


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