Vietnam’s Stocks: Construction & Materials, Rang Dong Plastic

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, declined 1.4 percent to 428.08, the lowest level this month. The gauge has slipped 1 percent since June, set for its third straight quarterly loss.

Rubber stocks: Danang Rubber Joint-Stock Co. (DRC VN) fell 2.4 percent to 20,500 dong, the lowest level since Aug. 26. Saovang Rubber Joint-Stock Co. (SRC VN) slid 3.8 percent to 12,600 dong, the lowest close since Aug. 11. Tay Ninh Rubber Joint-Stock Co. (TRC VN) lost 1 percent to 39,100 dong.

Rubber tumbled to a 13-month low, heading for the worst quarterly loss since 2008, as concern grew that Europe’s debt crisis may deepen, sending global economies into a recession and damping raw-material demand.

Construction & Materials Trading Joint-Stock Co. (CNT VN), a Ho Chi Minh City-based builder and construction-material, rose 1 percent to 10,000 dong. The company bought back 100,000 shares, according to an exchange statement.

Rang Dong Plastic Joint-Stock Co. (RDP VN), a plastic producer, decreased 1.1 percent to 9,300 dong, snapping three days of gains. Saigon-Hanoi Securities Joint-Stock Co. cut its entire 6.6 percent stake in Rang Dong, according to a filing on the bourse’s website.

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

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.