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Vietnam Stocks: Dong Hai, PetroVietnam Drilling & Well Services

March 19 (Bloomberg) -- Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of close in Ho Chi Minh City.

The VN Index, the benchmark measure of the Ho Chi Minh City Stock Exchange, fell 0.1 percent to 438.07.

The VN-30 Index, a free-float adjusted, market capitalization-weighted index of 30 stocks that have the highest market value and liquidity on the bourse, increased 0.1 percent to 497.22.

Dong Hai Joint-Stock Co. of Ben Tre (DHC VN), a paper manufacturer, rose 4.8 percent to 8,700 dong, the biggest gain since March 9. Nguyen Thanh Nghia, a major shareholder, plans to buy 1 million shares to boost his stake to 12.5 percent from 5.8 percent, according to a statement on the exchange’s website.

PetroVietnam Drilling & Well Services Joint-Stock Co., (PVD VN), which offers technical services to the oil and natural-gas industry, gained 2.7 percent to 38,000 dong.

Oil traded near the highest price in a week in New York as investors bet that a U.S. economic recovery and Saudi Arabian crude output near the strongest level since at least 1980 signal fuel demand is increasing.

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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