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 1.5 per cent to 4,487.77, the highest close since 4th August. 2011.
Cement manufacturers: Holcim Philippines Inc., the nation’s largest producer, increased 4 per cent to 11 pesos, the highest close since 3rd August 2011. Republic Cement Corp. rose 1.9 per cent to 5.91 pesos, the highest close since 25 August 2011.
The Philippine government pledged to speed up proposed infrastructure projects this year. It may offer eight to 16 of the so-called public-private partnership projects worth as much as 142 billion pesos (USD3.2 billion) to investors this year, Cosette Canilao, executive director of the program, said in an interview in her Manila office yesterday.
DMCI Holdings Inc., the nation’s largest builder, added 2 per cent to 43.45 pesos, the highest close since 4th August 2011. The company’s energy unit may bid to supply power in selected small grids, a stock exchange filing showed.
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