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Vietnam Stocks: Danang Rubber, Phu Nhuan Jewelry, Sao Ta Foods

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Dec. 8 (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 1.4 percent to 381.63, the biggest drop in two weeks.

Danang Rubber Joint-Stock Co. (DRC VN) dropped 3.7 percent to 18,000 dong, the biggest decline since Sept. 14.

Rubber retreated from its highest level in a month as Japan’s machinery orders unexpectedly fell in October and before European leaders meet to discuss the region’s sovereign-debt crisis.

Phu Nhuan Jewelry Joint-Stock Co. (PNJ VN), Vietnam’s only listed jewelry manufacturer, slumped 4.4 percent to 38,800 dong, the most since Oct. 11.

Gold declined after holdings in exchange-traded products fell from a record and the European Central Bank was seen cutting interest rates today before a regional leaders’ summit intended to tackle the debt crisis.

Sao Ta Foods Joint-Stock Co. (FMC VN), which processes food, gained 0.9 percent to 11,300 dong. The company plans to pay a dividend of 1,500 dong per share on Jan. 10, according to an exchange statement.

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