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

09-Sep-2011 Intellasia | Bloomberg | 7:01 AM Print This Post

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

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