Bloomberg News

Vietnam’s Stocks: Ca Mau Trading, Phuc Tien Trade, VietinBank

February 14, 2012

Feb. 14 (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, rose 1.2 percent to 400.26.

Ca Mau Trading Joint-Stock Co. (CMV VN), which trades products including oil, gas, building materials and stationery, gained 1.9 percent to 22,000 dong, the most since Jan. 20. Its fourth-quarter net income increased 11 percent to 8.8 billion dong ($420,000), according to an exchange filing.

Phuc Tien Trade and Manufacturing Joint-Stock Co. (PHT VN), which designs and manufactures construction equipment, rose 1.5 percent to 6,900 dong. Its 2011 unconsolidated net income surged to 30 billion dong from 7.8 billion dong, according to a filing with the bourse.

Vietnam Joint-Stock Commercial Bank for Industry & Trade (CTG VN), or VietinBank, climbed 3.1 percent to 23,500 dong, the most in a week. The Hanoi-based lender got approval from Prime Minister Nguyen Tan Dung for an overseas bond sale, according to an exchange statement. The bank said last year it planned to sell $500 million of bonds.

--Diep Ngoc Pham, with assistance from Nguyen Dieu Tu Uyen in Hanoi. Editor: Allen Wan

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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