Bloomberg News

Vietnam’s Stocks: Ninh Van Bay Real Estate, TMT Automobile

May 17, 2012

Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the 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, dropped for a seventh day, losing 1.6 percent to 442.58, the lowest close since April 4.

Ninh Van Bay Real Estate Joint-Stock Co. (NVT) , which develops and manages resorts, slumped 4.6 percent to 4,200 dong, the biggest decline since Feb. 15. The company posted a net loss of 11.7 billion dong ($560,000) for the first quarter this year, according to an exchange filing. That compared with a loss of 4.2 billion dong in the same period last year.

TMT Automobile Joint-Stock Co. (TMT) , a Hanoi-based maker of automobile products, dropped 1.8 percent to 5,600 dong. The company will suspend operations at a branch in the southern province of Binh Duong from June 1 for six months, it said in a statement on the exchange’s website, without giving a reason.

To contact Bloomberg News staff for this story: Nguyen Dieu Tu Uyen in Hanoi at uyen1@bloomberg.net; Diep Ngoc Pham in Hanoi at dpham5@bloomberg.net

To contact the editor responsible for this story: Allen Wan at awan3@bloomberg.net


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