Vietnam Stock Movers: Dien Quang, Hoa Binh, Tay Ninh Rubber
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, rose 1 percent to 421.32, the biggest gain since Sept. 19.
Dien Quang Joint-Stock Co. (DQC VN), a light-bulb maker, jumped 4.5 percent to 16,300 dong, the largest increase since Sept. 26. The Ho Chi Minh City-based company will buy back 1.21 million shares from Oct. 10 to Dec. 31, according to a statement on the bourse’s website.
Hoa Binh Construction & Real Estate Corp. (HBC VN), which offers construction services, climbed 3.5 percent to 26,800 dong, the steepest advance since June 22. The company will pay a 2010 dividend of 600 dong a share on Oct. 28, according to an exchange filing.
Tay Ninh Rubber Joint-Stock Co. (TRC VN) increased 1 percent to 39,900 dong. Rubber advanced for a third day as better-than-expected economic data from the U.S., the fourth- largest user, buoyed the outlook for demand.
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