Vietnam Stocks: Ninh Van Bay Real Estate, Petro Capital

 By Bloomberg News 
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 11:30 a.m. break 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 0.2 percent to 449.19, heading for lowest close since April 6. 

Ninh Van Bay Real Estate Joint-Stock Co. (NVT) , which develops and manages resorts, slumped 4.6 percent to 4,200 dong, poised for 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.

Petro Capital & Infrastructure Investment Joint-Stock Co. (PTL) , a construction company, rose for the first time in five days, adding 3.2 percent to 6,400 dong. The company, also known as Petroland, reported first-quarter after-tax profit rose to 78.5 billion dong, compared with 70.6 billion dong a year earlier, according to a statement on the exchange’s website.

To contact the reporter on this story: Nguyen Dieu Tu Uyen in Hanoi at uyen1@bloomberg.net
To contact the editor responsible for this story: Allen Wan at awan3@bloomberg.net