Vietnam’s Stocks: Construction & Materials, Rang Dong Plastic
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, declined 1.4 percent to 428.08, the lowest level this month. The gauge has slipped 1 percent since June, set for its third straight quarterly loss.
Rubber stocks: Danang Rubber Joint-Stock Co. (DRC VN) fell 2.4 percent to 20,500 dong, the lowest level since Aug. 26. Saovang Rubber Joint-Stock Co. (SRC VN) slid 3.8 percent to 12,600 dong, the lowest close since Aug. 11. Tay Ninh Rubber Joint-Stock Co. (TRC VN) lost 1 percent to 39,100 dong.
Rubber tumbled to a 13-month low, heading for the worst quarterly loss since 2008, as concern grew that Europe’s debt crisis may deepen, sending global economies into a recession and damping raw-material demand.
Construction & Materials Trading Joint-Stock Co. (CNT VN), a Ho Chi Minh City-based builder and construction-material, rose 1 percent to 10,000 dong. The company bought back 100,000 shares, according to an exchange statement.
Rang Dong Plastic Joint-Stock Co. (RDP VN), a plastic producer, decreased 1.1 percent to 9,300 dong, snapping three days of gains. Saigon-Hanoi Securities Joint-Stock Co. cut its entire 6.6 percent stake in Rang Dong, according to a filing on the bourse’s website.
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