Philippine Stocks: International Container, Philippine Exchange
Shares of the following companies had unusual moves in Philippine trading. Stock symbols are in parentheses and prices are as of the noon close in Manila.
The Philippine Stock Exchange Index rose 0.7 percent to 4,234.96.
International Container Terminal Services Inc. (ICT) , the largest Philippine port operator, climbed 3 percent to 49.50 pesos after Chairman Enrique Razon said the company will pay 50 centavos a share in dividends, the most on record. The stock earlier jumped as much as 6.1 percent to touch the highest level since the shares were first traded in March 1992.
Philippine Stock Exchange Inc. (PSE) , the publicly traded company that runs the bourse, surged 33 percent to 525 pesos, the sharpest gain since December 2003. The company announced a dividend plan to give shareholders one stock on June 8 for every share acquired before May 25.
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