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Vietnam Stocks: Dien Quang, Bien Hoa Sugar, Gia Lai Cane Sugar

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March 17 (Bloomberg) -- 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 City Stock Exchange, declined for a fourth day, losing 0.7 percent to 460.53, the lowest level since March 4.

Dien Quang Joint-Stock Co. (DQC VN), a light-bulb maker, rose 1.3 percent to 24,100 dong. The Ho Chi Minh City-based company said fourth-quarter net income rose 28 percent to 32.6 billion dong ($1.6 million), according to a statement on the bourse’s website.

Sugar Stocks: Bien Hoa Sugar Joint-Stock Co. (BHS VN), a sugar manufacturer based in the southern province of Dong Nai, dropped 1.3 percent to 30,000 dong. Gia Lai Cane Sugar Thermoelectricity Joint-Stock Co. (SEC VN), a producer of sugar cane and electricity, fell 1.4 percent to 27,300 dong.

Sugar in New York may fall as low as 22.89 cents a pound after forming a head-and-shoulders pattern, signaling a 12 percent decline, according to technical analysis by Societe Generale SA.

To contact the Bloomberg News staff on 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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