Bloomberg News

Vietnam’s Stocks: PetroVietnam Drilling, Vietnam Sea Transport

October 24, 2011

Oct. 24 (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, gained for a third day, rising 0.8 percent to 414.46.

PetroVietnam Drilling & Well Services Joint-Stock Co. (PVD VN) rose 0.8 percent to 38,200 dong. Crude gained for a second day in New York as investors speculated that fuel demand will increase amid signs of an economic recovery and moves by European leaders to tame the region’s sovereign-debt crisis.

Vietnam Sea Transport & Chartering Joint-Stock Co. (VST VN), a shipping service provider, fell 3.4 percent to 5,600 dong. The Ho Chi Minh City-based company posted a net loss of 844.5 million dong ($40,300) in the third quarter, it said in an exchange filing.

--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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