Philippine Stocks: Anglo Philippine, Filinvest, MacroAsia

The Philippine Stock Exchange Index increased 4.27, or 0.1 percent, to 4,217.25 at the noon close in Manila.

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

Anglo Philippine Holdings Corp. (APO PM), which owns shares in one of Manila three railways, climbed 5.5 percent to 2.11 pesos, the steepest advance since Dec. 6. Commuter train fares in the Philippine capital will be increased to reduce government subsidies, President Benigno Aquino told reporters. Chairman Alfredo Ramos couldn’t be reached in his office for comment.

Filinvest Development Corp. (FDC PM), which has investments in property, finance and sugar, jumped 11 percent to 5.89 pesos, the highest since Dec. 17, 2007. Parent ALG Holdings Corp. raised its stake with the purchase of 1.09 billion shares, a stock exchange filing showed.

MacroAsia Corp. (MAC PM), a provider of in-flight catering services, climbed 4.8 percent to 3.25 pesos, the highest since Nov. 3. The company said it has no “legal impediments” in reviving its mining operations.

Universal Robina Corp. (URC PM), the second-largest listed food and drinks company, increased 2.4 percent to 35.80 pesos, the steepest advance since Dec. 1. The company bought back 800,000 shares, a stock exchange filing showed.

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

To contact the editor responsible for this story: Reinie Booysen at rbooysen@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.