Bloomberg News

Vietnam’s Equity Movers: PetroVietnam Drilling, VietinBank

October 27, 2011

Oct. 27 (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 0.6 percent to 414.75, the highest close since Oct. 11.

PetroVietnam Drilling & Well Services Joint-Stock Co. (PVD VN), rose 2.9 percent to 39,000 dong, the highest since Sept. 23. The company’s unconsolidated third-quarter profit grew 36 percent to 274.8 billion dong ($13.1 million), and nine-month net income jumped 69 percent from a year earlier to 738.7 billion dong, according to a company statement on the bourse’s website.

Vietnam Joint-Stock Commercial Bank for Industry & Trade (CTG VN), or VietinBank, climbed 4.6 percent to 25,100 dong, the highest close since Sept. 30. Unconsolidated net income rose to 1.39 trillion dong in the third quarter, from 1.12 trillion dong in the same period last year, it said in a statement filed on the exchange’s website late yesterday.

--Diep Ngoc Pham, with assistance from Nguyen Kieu Giang and Nguyen Dieu Tu Uyen in Hanoi. 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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