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Vietnam Stocks: Phu Nhuan Jewelry, Dong Phu, Danang Rubber

Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are at the close in Ho Chi Minh City.

The VN Index (VNINDEX), the benchmark measure of the Ho Chi Minh City Stock Exchange, fell 2.7 percent to 445, the biggest loss since Sept. 16.

The VN-30 Index (VN30), a free-float adjusted, market capitalization-weighted index of 30 stocks that have the highest market value and liquidity on the bourse, dropped 3.1 percent to 508.41.

Phu Nhuan Jewelry Joint-Stock Co. (PNJ) , Vietnam’s only listed jewelry manufacturer, slid 4.9 percent to 41,100 dong, the biggest decline since Oct. 4. Gold declined for a third day alongside equities and other metals after China said it’s targeting slower growth this year.

Rubber Stocks: Dong Phu Rubber Joint-Stock Co. (DPR) , the country’s second-biggest listed rubber company, fell 4.6 percent to 48,200 dong. Danang Rubber Joint-Stock Co. (DRC) dropped 3.2 percent to 24,400 dong. Tay Ninh Rubber Joint-Stock Co. (TRC) plunged 4.6 percent to 39,300 dong.

Rubber dropped for a second day amid concern that slower economic growth in China, the world’s largest consumer, may curb demand for the commodity used in tires and gloves.

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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