Vietnam Stock Movers: Gia Lai Cane Sugar, Interfood Shareholding

Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the 2:15 p.m. close in Ho Chi Minh City.

The VN Index (VNINDEX), the benchmark measure of the Ho Chi Minh City Stock Exchange, was little changed, rising less that 0.1 percent to 418.16. The gauge has fallen 5.2 percent since the end of March, poised for the biggest quarterly decline since the three months ended Dec. 30. The slump pared its advance this year to 19 percent.

Gia Lai Cane Sugar Thermoelectricity Joint-Stock Co. (SEC) , a producer of sugar cane and electricity, rose 1.4 percent to 22,500 dong, the steepest advance since June 18. Sugar for October delivery, the contract with the most open interest, jumped 3.6 percent yesterday to settle at 20.95 cents a pound on ICE Futures U.S. in New York.

Interfood Shareholding Co. (IFS) , which produces canned agricultural and aquatic products, climbed 4.6 percent to 4,600 dong. Grande Indigo Global Ltd. will acquire a 6.65 percent stake in the company from July 2 until August 1, according to a statement filed on the bourse’s website.

To contact Bloomberg News staff for this story: Nguyen Kieu Giang in Hanoi at giang1@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

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