Bloomberg News

Vietnam’s Stocks: Nui Nho Stone, Phuoc Hoa Rubber, Vinamilk

October 14, 2011

Oct. 14 (Bloomberg) -- Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the close in Ho Chi Minh City.

The VN Index, the benchmark measure of the Ho Chi Minh City Stock Exchange, gained 0.5 percent to 414.49, paring a 0.8 percent weekly loss.

Nui Nho Stone Joint-Stock Co. (NNC VN), which supplies construction materials and has businesses from property development to resort investment, gained 3.5 percent to 29,500 dong. The company’s nine-month profit was 84.6 billion dong ($4.05 million), beating its target by 6 percent.

Phuoc Hoa Rubber Joint-Stock Co. (PHR VN), the country’s biggest listed rubber company, increased for the first day in three, climbing 1.4 percent to 29,400 dong. Phuoc Hoa will pay a 2011 dividend of 1,500 dong a share on Nov. 17, according to filing on the exchange’s website.

Vietnam Dairy Products Joint-Stock Co. (VNM VN), or Vinamilk, climbed for the first time this week, adding 0.8 percent to 128,000 dong. The company will buy back 30,000 shares starting Oct. 24, according to a filing with the bourse.

--Nguyen Dieu Tu Uyen. Editor: Matthew Oakley

To contact Bloomberg News staff for this story: Nguyen Dieu Tu Uyen in Hanoi at uyen1@bloomberg.net

To contact the editor responsible for this story: Shiyin Chen at schen37@bloomberg.net


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