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Alliance, Ayala, Fil-Estate, Leisure: Philippine Stocks Preview

The following companies may have unusual price changes in Philippine trading. Stock symbols are in parentheses and share prices are as of the most recent trading day.

The Philippine Stock Exchange Index increased 0.1 percent to 4,037.23 at the 12 p.m. close in Manila.

Alliance Global Group Inc. (AGI PM): The owner of the second-largest developer paid an initial 1.25 billion pesos ($28 million) for shares in Fil-Estate Land Inc. (LND PM), a stock exchange filing showed. Alliance gained 2 percent to 11.20 pesos. Fil-Estate, which controls more than 10 percent of land in the resort island of Boracay, decreased 3.1 percent to 1.54 pesos.

Ayala Corp. (AC PM): The owner of the largest developer bought back 10,000 shares in the open market, a stock exchange filing showed. The stock increased 1.7 percent to 380.20 pesos.

Century Peak Metals Holdings Corp. (CPM PM): A company director sold 1.8 million shares in the open market, a stock exchange filing showed. The stock rose 0.4 percent to 2.40 pesos.

Leisure & Resorts World Corp. (LR PM): AB Leisure Exponent Inc., wholly owned by Leisure, sold 472,600 shares in the company at 6 pesos each, a stock exchange filing showed. The stock was unchanged at 6.14 pesos.

Philippine Stock Exchange Inc. (PSE PM): The operator of the nation’s equities market appointed Chairman Hans Sicat as president and named director Cornelio Peralta to replace him as chairman, a stock exchange filing showed. The stock fell 1.4 percent to 360 pesos.

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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