Shares of the following companies had unusual moves in Philippine trading. Stock symbols are in parentheses and prices are as of the close in Manila.
The Philippine Stock Exchange Index rose 0.6 per cent to 4,342.18.
Cement-makers: Holcim Philippines Inc. the nation’s biggest producer of cement, advanced 4.8 per cent to 8.70 pesos, the sharpest gain since December. 8, on the prospect demand for the building material will be boosted by reconstruction in areas hit by Tropical Storm Washi. Southeast Asia Cement Holdings Inc. rose 2 per cent to 1.50 pesos, the highest close since September. 9.
“Rebuilding and repairing the affected areas will benefit cement and construction companies,” said Astro del Castillo, managing director at First Grade Finance Inc.
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