Atlas Mining, Globe Telecom, Splash: Philippines Stocks Preview

Shares of the following companies may have unusual moves in Philippine trading. Stock symbols are in parentheses, and prices are as of the previous close, unless stated otherwise.

The Philippine Stock Exchange Index rose 1.6 percent to 4,421.56.

Atlas Consolidated Mining & Development (AT) Corp: The company’s Carmen mine shipped $24.54 million of copper and gold last month, a stock exchange filing showed. The shares climbed 1.7 percent to 21.60 pesos.

Globe Telecom Inc. (GLO) : The nation’s second-largest provider of mobile phone services supports a government plan to cut interconnection fees, or charges collected from consumers reaching users in other networks, the Philippine Daily Inquirer reported, citing Froilan Castelo, a counsel at Globe. Castelo couldn’t be reached in his office for comment.

The stock gained 0.2 percent to 887 pesos. Philippine Long Distance Telephone Co. (TEL) , owner of the nation’s biggest provider of mobile phone services, increased 0.7 percent to 2,396 pesos.

Splash Corp. (SPH) : The maker of whitening soap bought back 4.52 million shares at 2.20 pesos, a stock-exchange filing showed. The stock was unchanged at 2.22 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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