Vietnam Stocks: Ben Thanh Trading, Chuong Duong, Rubber Stocks

Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the 11 a.m. local-time close.

The VN Index, the benchmark measure of the Ho Chi Minh City Stock Exchange, fell 1.6 percent to 454.37.

Rubber stocks: Tay Ninh Rubber Joint-Stock Co. (TRC VN) fell 1.5 percent to 39,300 dong. Saovang Rubber Joint-Stock Co. (SRC VN) dropped 2.3 percent to 12,900 dong. Danang Rubber Joint-Stock Co. (DRC VN) slid 2.2 percent to 21,800 dong.

Rubber slumped to the lowest level in four weeks after Italy’s credit rating was cut by Standard & Poor’s, deepening concern that Europe’s debt crisis is spreading, curbing demand for raw materials.

Ben Thanh Trading & Service Joint-Stock Co. (BTT VN), which offers trading, financial and real-estate services, decreased 0.5 percent to 19,500 dong. Its unconsolidated pretax profit in the January-to-August period dropped 4.8 percent to 26.3 billion dong ($1.26 million), according to a statement on the bourse’s website.

Chuong Duong Corporation (CDC VN), an infrastructure construction company, sank 4.4 percent to 11,000 dong, a two- week low. The Ho Chi Minh City-based company will start trading 2.49 million extra shares on Oct. 4, according to an exchange filing.

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

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