Vietnam’s Stocks: Binh Thanh Import-Export, Tay Ninh Rubber Gain
The VN Index (VNINDEX), the benchmark measure of the Ho Chi Minh City Stock Exchange, dropped 0.3 percent to 418.04. The gauge has fallen 5.2 percent since the end of March, headed for the fifth quarterly decline in six. The slump pared its advance this year to 19 percent.
Binh Thanh Import-Export Production & Trade Joint-Stock Co. (GIL) , a maker and seller of home-storage products, luggage and bags, climbed 4.9 percent to 40,500 dong, the highest close since December 2007. Saigon Securities Joint-Stock Co. raised its stake in Binh Thanh to 5.09 percent from 4.22 percent, according to a statement filed on the stock exchange’s website.
Tay Ninh Rubber Joint-Stock Co. (TRC) , rose 1.6 percent to 38,100 dong. Rubber for December delivery rose as much as 1.4 percent to 238.7 yen a kilogram ($3,006 a metric ton) on the Tokyo Commodity Exchange. The futures recently traded little changed at 235.30 yen.
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