Philippine Stocks: Petron, San Miguel Advance

The Philippine Stock Exchange Index increased 23.17, or 0.6 percent, to 4,221.09 at the 12 p.m. close in Manila.

The following companies are among the most active in Philippine trading. Stock symbols are in parentheses.

Petron Corp. (PCOR PM), the nation’s largest oil refiner, climbed 1.4 percent to 11.48 pesos. San Miguel Corp. may buy more shares in the refiner, San Miguel President Ramon Ang said.

San Miguel Corp. (SMC PM), the largest Philippine food and drinks company, climbed 5.7 percent to 129 pesos, the highest close based on prices going back to January 1990. Vice Chairman Ramon Ang said the company plans to sell 1 billion common shares to expand public ownership.

To contact the reporter on this story: Ian C. Sayson in Manila at isayson@bloomberg.net

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

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