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Vietnam Stocks: Ben Thanh Trading, Chuong Duong, Rubber Stocks

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Sept. 20 (Bloomberg) -- Shares of the following companies had unusual 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 1.6 percent to 454.37.

Rubber stocks: Tay Ninh Rubber Joint-Stock Co. (TRC VN) fell 1.5 percent to 39,300 dong. Saovang Rubber Joint-Stock Co. (SRC VN) dropped 2.3 percent to 12,900 dong. Danang Rubber Joint-Stock Co. (DRC VN) slid 2.2 percent to 21,800 dong.

Rubber slumped to the lowest level in four weeks after Italy’s credit rating was cut by Standard & Poor’s, deepening concern that Europe’s debt crisis is spreading, curbing demand for raw materials.

Ben Thanh Trading & Service Joint-Stock Co. (BTT VN), which offers trading, financial and real-estate services, decreased 0.5 percent to 19,500 dong. Its unconsolidated pretax profit in the January-to-August period dropped 4.8 percent to 26.3 billion dong ($1.26 million), according to a statement on the bourse’s website.

Chuong Duong Corporation (CDC VN), an infrastructure construction company, sank 4.4 percent to 11,000 dong, a two-week low. The Ho Chi Minh City-based company will start trading 2.49 million extra shares on Oct. 4, according to an exchange filing.

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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