Bloomberg News

Vietnam’s Equity Movers: Hoa Binh Rubber, Vietcombank

June 08, 2012

Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the 11:30 a.m. break in Ho Chi Minh City. The VN Index (VNINDEX), the benchmark measure of the Ho Chi Minh City Stock Exchange, rose 0.4 percent to 435.91, poised for the highest close since May 25.

Joint-Stock Commercial Bank for Foreign Trade of Vietnam (VCB VN), the country’s largest-listed lender by market value, increased 0.7 percent to 30,300 dong, heading for the highest close since May 28. Mizuho Corporate Bank Ltd., which holds a 15 percent stake in the company, doesn’t see “any big problems” with Vietcombank’s health, Yutaka Abe, Mizuho’s representative on the bank’s board, said yesterday.

Hoa Binh Rubber Joint-Stock Co. (HRC) , fell 1.1 percent to 35,500 dong. November-delivery rubber lost as much as 3.6 percent to 234.7 yen a kilogram ($2,954 a metric ton) in Tokyo. The most-active contract has lost 7.2 percent this week, the largest drop since the week through May 11.

To contact Bloomberg News staff for this story: Nguyen Kieu Giang in Hanoi at giang1@bloomberg.net

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


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