Vietnam Stocks: Gia Lai Cane Sugar, Masan, Pha Lai Thermal

Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are at the close in Ho Chi Minh City.

The VN Index (VNINDEX), the benchmark measure of the Ho Chi Minh City Stock Exchange, fell 0.2 percent to 444.02.

The VN-30 Index (VN30), a free-float adjusted, market capitalization-weighted index of 30 stocks that have the highest market value and liquidity on the bourse, declined 0.5 percent to 505.90.

Gia Lai Cane Sugar Thermoelectricity Joint-Stock Co. (SEC) , a producer of sugar cane and electricity, sank 3.9 percent to 17,200 dong. Raw sugar for March 2013 delivery dropped as much as 4.1 percent to 42,850 yen a ton on the Tokyo Grain Exchange in Japan.

Masan Group Corp. (MSN) , the nation’s second-biggest publicly traded company, slid 2.5 percent to 115,000 dong. Deputy Chairman Ho Hung Anh plans to sell 4 million Masan shares from March 9 to April 15, according to a filing with the bourse.

Pha Lai Thermal Power Joint-Stock Co. (PPC) , the biggest listed electricity producer, gained 4.3 percent to 9,800 dong, the highest close since April 8. EVN Finance Joint-Stock Co. plans to raise its stake in Pha Lai to 12.7 percent from 12.1 percent from March 9 to May 9, according to an exchange statement.

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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