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Vietnam Stocks: Vietcombank, Saigon Fuel, Telecom Industry

July 26 (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, was little changed at 409.39.

Joint-Stock Commercial Bank for Foreign Trade of Vietnam (VCB VN), the country’s biggest listed bank by market value, lost 2.1 percent to 27,400 dong. Vietcombank, as the Hanoi-based lender is known, reported unconsolidated after-tax profit, which doesn’t take into account income from its units, fell 8.3 percent to 947.9 billion dong ($46 million) in the second quarter, according to a statement on its website.

Saigon Fuel Joint-Stock Co. (SFC VN), which sells gasoline and other petroleum products, climbed 4.9 percent to 23,500 dong, the biggest gain since June 30. The Ho Chi Minh City-based company reported its second-quarter profit jumped 85 percent to 7.99 billion dong, according to an exchange statement.

Telecommunications Industry Electronics Joint-Stock Co. (TIE VN), which produces and distributes process components and products for information technology and telecommunication industries, dropped 4.4 percent to 8,700 dong, the steepest loss since June 15. The company’s second-quarter profit dropped 91 percent to 778 million dong, it said in an exchange filing.

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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