Vietnam Equities: Bourbon Tay Ninh, Gia Lai Cane, Hoa Binh Ruber

Vietnam’s VN Index, the benchmark measure of the Ho Chi Minh City Stock Exchange, fell 1.7 percent to 452.83.

Societe de Bourbon Tay Ninh Joint-Stock Co. (SBT VN), the country’s biggest listed sugar company, surged 4.6 percent to 13,700 dong. Sacombank Securities Joint-Stock Co., Vietnam’s third-largest brokerage, has increased its stake in the company to 10.53 percent from 0.48 percent, according to a statement filed on the exchange’s website.

Gia Lai Cane Sugar Thermoelectricity Joint-Stock Co. (SEC VN), a producer of sugar cane and electricity, dropped 4.7 percent, the biggest decline since Nov. 22, to 28,400 dong. Phan Tinh, a member of the company’s management board, will sell 10,000 shares to cut his holding to 15,000 shares, according to a statement on the bourse’s website.

Hoa Binh Rubber Joint-Stock Co. (HRC VN) slid 0.8 percent to 61,000 dong. Rubber futures in Shanghai dropped as much as 1.9 percent.

--Nguyen Kieu Giang. Editor: Reinie Booysen

To contact the Bloomberg News Staff on this story: Nguyen Kieu Giang in Hanoi at giang1@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

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