Vietnam Stocks: Danang Rubber, Hoa Phat Group, Southern Rubber
Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the 2:15 p.m. close in Ho Chi Minh City. The VN Index (VNINDEX), the benchmark measure of the Ho Chi Minh City Stock Exchange, dropped 1.2 percent to 419.19, the lowest close since June 4. The gauge has lost 5 percent this quarter.
Rubber producers: Danang Rubber Joint-Stock Co. (DRC) fell 2.7 percent to 25,100 dong, the lowest close since June 4. Southern Rubber Industry Joint-Stock Co. (CSM VN) slumped 4.9 percent to 25,300 dong, the lowest since June 6. Saovang Rubber Joint-Stock Co. (SRC) sank 4.8 percent to 17,800 dong.
Rubber futures fell, after climbing by the most in a week yesterday, on concern that a meeting of European leaders this week will fail to halt the region’s debt crisis, threatening commodity demand.
Hoa Phat Group Joint-Stock Co. (HPG) , Vietnam’s biggest listed steel producer, slid 1.2 percent to 24,000 dong, the lowest close since June 14. The company will delay a 2011 dividend payment until the second half of 2012, according to a statement on the bourse’s website.
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