Vietnam Stocks: Dong Phu Rubber, Kinh Bac City Development

23-Feb-2012 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 (VNINDEX), the benchmark measure of the HCM City Stock Exchange, fell for the first time in three days, dropping 0.7 percent to 410.91.

Dong Phu Rubber Joint-Stock Co. (DPR), the largest listed rubber company, jumped 3 percent to 51,500 dong. Rubber prices remained near a five-month high on the Tokyo Commodity Exchange as a rally in crude oil boosted the appeal of the commodity as an alternative to synthetic products.

Kinh Bac City Development Share Holding Corp. (KBC), the country’s third-largest listed property company, slid for the first time in six days, falling 1.4 percent to 14,100 dong. Its fourth-quarter net income plunged 85 percent to 56.4 billion dong ($2.7 million), according to an exchange filing.

 


Category: Stocks

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