Bloomberg News

Vietnam Stocks: PetroVietnam Drilling, Khanh Hoi Import Export

December 16, 2011

Dec. 16 (Bloomberg) -- Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the close.

The VN Index, the benchmark measure of the Ho Chi Minh City Stock Exchange, gained 0.4 percent to 366.03, snapping eight days of losses. The gauge dropped 3 percent this week, a second weekly decline.

PetroVietnam Drilling and Well Services Joint-Stock Co., (PVD VN), which offers technical services to the oil and natural gas industry, rose 4.9 percent to 34,600 dong, the biggest gain since Sept. 19. The company will buy back 826,950 shares from Dec. 22 through March 21, it said in a statement on the bourse’s website.

Khanh Hoi Import Export Joint-Stock Co. (KHA VN), which manufactures and exports agricultural and aquaculture products, increased 1.2 percent to 8,200 dong. The company will pay its shareholders a dividend of 500 dong a share on Jan. 12, according to a statement filed on the exchange’s website.

--Nguyen Kieu Giang. Editor: Matthew Oakley

To contact Bloomberg News staff for this story: Nguyen Kieu Giang in Hanoi at giang1@bloomberg.net

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


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