Bloomberg News

Vietnam Stocks: An Phu Irradiation, Mirae, Phu Nhuan Jewelry

May 03, 2012

Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of 2:15 p.m. close in Ho Chi Minh City. The VN Index (VNINDEX), the benchmark measure of the Ho Chi Minh City Stock Exchange, fell 0.8 percent to 468.80.

An Phu Irradiation Joint-Stock Co. (APC) , which irradiates fruit to be exported to the U.S., dropped 1.3 percent to 15,300 dong. Its first-quarter unconsolidated after-tax profit slumped 61 percent to 3.9 billion dong ($190,000), according to an exchange statement.

Mirae Joint-Stock Co. (KMR) , which produces materials for the garment and textile industry, gained 4.1 percent to 5,100 dong, the highest close since Sept. 28. The company forecasts its after-tax profit will jump to 58.3 billion dong this year from 3.94 billion dong in 2011, according to a filing with the bourse.

Phu Nhuan Jewelry Joint-Stock Co. (PNJ) , Vietnam’s only listed jewelry manufacturer, fell 3.9 percent to 42,000 dong, the most since March 7. Gold dropped for a third day after employment data raised concern that economic growth may slow, while holdings in exchange-traded products slumped to a three- month low.

To contact Bloomberg News staff on this story: Diep Ngoc Pham in Hanoi at dpham5@bloomberg.net

To contact the editor responsible for this story: Richard Frost in Hong Kong at rfrost4@bloomberg.net


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