Bloomberg News

Vietnam’s Stock Movers: Minh Phu Seafood, PetroVietnam Drilling

July 16, 2012

Shares of the following companies had unusual moves in Vietnamese 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, fell 0.7 percent to 413.98.

Minh Phu Seafood Joint-Stock Co. (MPC) , the country’s second-biggest listed seafood company, rose 3.1 percent to 29,900 dong, the highest close in two weeks. Its export sales rose 33 percent to $179 million in the first half of 2012, compared with the same period last year, according to a statement on the State Securities Commission’s website.

PetroVietnam Drilling & Well Services Joint-Stock Co. (PVD VN) decreased 0.6 percent to 34,600 dong. Crude oil fell from the highest close in more than a week after Premier Wen Jiabao said China’s economic recovery hasn’t gained momentum, stoking speculation that demand may ease in the world’s second-biggest crude consumer.

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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