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View Full Version : Vietnam stocks: Navico, Vietnam Mechanization, Vincom



phuocpham
27-10-2009, 10:36 AM
Vietnam’s VN Index, the benchmark measure of the Ho Chi Minh City Stock Exchange, declined for a second day Monday, losing 1 percent to close at a five-day low of 609.34.

On the index, 135 stocks fell, and 32 rose Monday.

Nam Viet Corp. (ANV VN), the third-largest seafood exporter also known as Navico, slumped 4.9 percent VND25,000, the lowest in more than two weeks. Navico posted a net loss of VND75.5 billion ($4.2 million) in the January-to-September period, according to a company statement on the exchange’s website.

Vietnam Mechanization Electrification & Construction Joint- Stock Co. (MCG VN), which offers construction services and manufactures machinery, fell for a third day, plunging 4.8 percent to an eight-day low of VND41,600. Major shareholder PetroVietnam Finance Joint-Stock Co. has sold 198,800 shares and cut its stake in the company to 8.4 percent, from 9.9 percent, according to the exchange’s website.

Vincom Joint-Stock Co. (VIC VN), Vietnam’s second-biggest listed real estate company, rallied 2.4 percent to a record high of VND87,000. Vincom plans to list shares on an international bourse, it said on the exchange’s website after the market closed last week, without giving further details. It will also sell domestic bonds as early as Oct. 27 to raise VND2 trillion ($112 million) to develop its new Hoang Gia City property project, the statement said.