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Vietnam’s Equities: Vinh Hoan, Vinaship, Phu Nhuan Jewelry

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Aug. 25 (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, advanced for the first time in three days, climbing 1.3 percent to 401.65.

Vinh Hoan Corp. (VHC VN), the second-biggest publicly traded seafood processor, surged 4.4 percent to 30,800 dong, the highest since July 18. The company has established a new unit to export rice, according to a statement on the exchange’s website.

Domestic rice prices rose to a record, with unmilled rice climbing to as high as 7,200 dong (35 cents) a kilogram, Cao Thi Ngoc Hoa, deputy head of Vietnam Southern Food Corp., the country’s biggest rice exporter, said on Aug. 17.

Vinaship Joint-Stock Co. (VNA VN), a transporter and provider of logistical services in the northern port city of Haiphong, gained 2.8 percent to 7,400 dong. The company plans to pay investors a 2010 dividend of 1,000 dong a share from Oct. 17, according to a statement on the exchange’s website.

Phu Nhuan Jewelry Joint-Stock Co. (PNJ VN), Vietnam’s only listed jewelry manufacturer, slid 2 percent to 29,800 dong. December-delivery gold futures in New York lost as much as 1.3 percent to $1,735.40 an ounce.

To contact Bloomberg News staff for this story: Nguyen Dieu Tu Uyen in Hanoi at uyen1@bloomberg.net

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

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