Symphony International shares fall on NAV decrease

5th Aug 2015 11:18

(ShareCast News) - Shares in Symphony International were down after the company said its net asset value fell in the second quarter.The listed investment firm's shares fell 3.21% to $0.755 at 1011 BST.Symphony said net asset value at 30 June 2015 was 5.9% lower at $669.9m from $711.1m.Net asset value per share was $1.27 compared with $1.36 on the same day last year.Symphony said the change was due to weakening share prices for Minor International and IHH Healthcare Berhad.Currency movements of the Thai baht against the US dollar had also impacted the net asset value, Symphony said.Symphony director Anil Thadani said the company expected additional volatility in coming months, but its long term positive outlook for growth in Asia was unchanged.