Bloomberg News

Vietnam Stock Movers: Hoa Binh Rubber, Tay Ninh Rubber, Viet-Han

November 30, 2011

Nov. 30 (Bloomberg) -- 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, the benchmark measure of the Ho Chi Minh City Stock Exchange, fell 0.6 percent to 380.69. The gauge lost 9.5 percent in November, the biggest monthly decline since May.

Rubber Stocks: Tay Ninh Rubber Joint-Stock Co. (TRC VN) slid 4.4 percent to 32,500 dong, the lowest close since May 4, 2009. Hoa Binh Rubber Joint-Stock Co. (HRC VN), fell 4.4 percent to 55,000 dong, the biggest decline since July 7.

Rubber dropped from a one-week high after Standard & Poor’s cut credit ratings for the world’s biggest lenders, prompting investors to sell commodities.

Viet-Han Corp. (VHG VN), which manufactures telecommunications cables, materials and fiber-reinforced polymer products, dropped for the first time in three days, losing 3.7 percent to 5,200 dong. The company may delay a residential project in the south, according to a statement on its website. The delay will be decided in a company shareholder meeting next year, it said, without giving a timeframe for the delay or the meeting.

--Nguyen Dieu Tu Uyen. Editor: Matthew Oakley

To contact the Bloombberg News staff on this story: Nguyen Dieu Tu Uyen in Hanoi at uyen1@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net


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