Vietnam’s Equity Movers: Chuong Duong Corp., VietinBank
Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the close in Ho Chi Minh City. The VN Index (VNINDEX), the benchmark measure of the Ho Chi Minh City Stock Exchange, dropped 0.7 percent to 424.12, the lowest close since June 5. The gauge has jumped 21 percent this year.
Chuong Duong Corp. (CDC) , an infrastructure constructor, fell 4 percent to 7,300 dong, the lowest close since June 6. Vietnam Rubber Finance Co. cut its stake in the company to 4.5 percent from 6.9 percent, Chuong Duong said in a statement on the bourse’s website.
Vietnam Joint Stock Commercial Bank for Industry & Trade (CTG VN), the country’s second-largest publicly traded bank by market value, known as VietinBank, dropped 1.9 percent to 20,500 dong, the biggest decline since June 4. Vietnam’s bad-debt ratio rose to 4.22 percent as of the end of April, compared with 3.07 percent at the end of 2011, according to data posted on the central bank’s website.
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