Vietnam Stocks: Danang Rubber, Phu Nhuan Jewelry, Sao Ta Foods

Shares of the following companies had unusual (VNINDEX) 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 1.4 percent to 381.63, the biggest drop in two weeks.

Danang Rubber Joint-Stock Co. (DRC) dropped 3.7 percent to 18,000 dong, the biggest decline since Sept. 14.

Rubber retreated from its highest level in a month as Japan’s machinery orders unexpectedly fell in October and before European leaders meet to discuss the region’s sovereign-debt crisis.

Phu Nhuan Jewelry Joint-Stock Co. (PNJ) , Vietnam’s only listed jewelry manufacturer, slumped 4.4 percent to 38,800 dong, the most since Oct. 11.

Gold declined after holdings in exchange-traded products fell from a record and the European Central Bank was seen cutting interest rates today before a regional leaders’ summit intended to tackle the debt crisis.

Sao Ta Foods Joint-Stock Co. (FMC) , which processes food, gained 0.9 percent to 11,300 dong. The company plans to pay a dividend of 1,500 dong per share on Jan. 10, according to an exchange statement.

To contact Bloomberg News staff for this story: Diep Ngoc Pham in Hanoi at dpham5@bloomberg.net

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

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