Vietnam’s Stocks: Vegetable Oil Packing, 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 close in Ho Chi Minh City. The VN Index (VNINDEX), the benchmark measure of the Ho Chi Minh City Stock Exchange, dropped 2.8 percent to 416.65, the lowest level since Feb. 21.
Vegetable Oil Packing Joint-Stock Co. (VPK VN), which manufactures and trades packages and containers for the food processing industry, fell 4.7 percent to 14,100 dong, the most since May 9. Vietnam Dairy Products Joint-Stock Co. (VNM), or Vinamilk, cut its stake in the company to 4.87 percent from 17.76 percent, according to the exchange’s website.
Tay Ninh Rubber Joint-Stock Co. (TRC VN), slumped 4.8 percent to 39,800 dong, the lowest close since May 18. The November-delivery rubber contract lost as much as 5.9 percent to 240.3 yen a kilogram ($3,074 a metric ton), the lowest level for the most-active contract since Nov. 30, 2009.
To contact the editor responsible for this story: Darren Boey at email@example.com