Bloomberg News

Vietnam’s Stocks: Construction & Materials, Rang Dong Plastic

September 29, 2011

Sept. 29 (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, 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.

--Diep Ngoc Pham. Editor:

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


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