Vietnam’s Stocks: Danang Rubber, Ho Chi Minh City Securities

Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the 11:30 a.m. break in Ho Chi Minh City. The VN Index (VNINDEX), the benchmark measure of the Ho Chi Minh City Stock Exchange, fell 0.2 percent to 438.66, poised for a 25 percent gain this quarter, the best three-month performance since September 2009.

Danang Rubber Joint-Stock Co. (DRC) , dropped 1.8 percent to 27,400 dong, heading for the lowest close since March 21. The company forecast pretax profit will fall 13 percent to 230 billion dong ($11.1 million) this year, it said in a statement on the exchange’s website.

Ho Chi Minh City Securities Corp. (HCM) , a stock brokerage, fell 1.7 percent to 17,900 dong, poised for the lowest close since March 15. The company got the exchange’s approval to list 1 million new shares, it said in a statement on the bourse’s website, without providing a timeframe.

To contact Bloomberg News staff for 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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