Bloomberg News

Vietnam Stocks: Saovang Rubber, Southern Rubber, DIC Investment

June 11, 2012

Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of close in Ho Chi Minh City. The VN Index (VNINDEX), the benchmark measure of the Ho Chi Minh City Stock Exchange, slipped 0.1 percent to 432.50.

Rubber Stocks: Saovang Rubber Joint-Stock Co. (SRC) advanced 4.6 percent to 18,200 dong, the highest since May 21. Southern Rubber Industry Joint-Stock Co. (CSM) surged 4.9 percent to 28,000 dong, the highest level since May 15. Danang Rubber Joint-Stock Co. (DRC) gained 3.6 percent to 29,000 dong.

Rubber climbed from a 31-month low after data showed car sales in China, the world’s biggest consumer, expanded more than analysts estimated in May, easing concern demand may weaken for the commodity used in tires.

DIC Investment & Trading Joint-Stock Co. (DIC VN), which offers investment services for construction projects, rose 2.4 percent to 12,700 dong, a one-month high. It will pay a 2011 dividend of 1,000 dong a share on July 18, according to a statement on the exchange’s website.

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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