Vietnam Stocks: Danang Rubber, Phu Nhuan Jewellery, Saovang Rubber

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 Stock Exchange, gained 1.8 percent to 443.99, the highest level since June 16. The gauge climbed for a ninth day, the longest winning streak since 2009.

Rubber stocks: Saovang Rubber Joint-Stock Co. (SRC) rose 4.7 percent to 13,400 dong. Danang Rubber Joint-Stock Co. (DRC) rose 3.7 percent to 22,300 dong. Phuoc Hoa Rubber Joint- Stock Co. (PHR), the country’s biggest listed rubber company, increased 1 percent to 30,600 dong.

Rubber advanced by the most in a week as a weaker Japanese currency boosted the appeal of assets denominated in the yen and a rally in Asian stocks eased concern that an economic slowdown may curb demand.

Phu Nhuan Jewellery Joint-Stock Co. (PNJ), Vietnam’s only listed jewellery manufacturer, jumped 4.9 percent to 34,000 dong, the highest since February 23. Gold may rebound after falling the most in a week yesterday as investors sought to protect their wealth against declining currencies and economic turmoil.

 

Category: Stocks