Philippines Stock Movers: I-Remit, Minerales Industrias, NiHao

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 climbed 20.83 points, or 0.5 percent, to 4,503.63. The measure has gained 5 percent this month, heading for the biggest gain since April.

Mining shares: NiHao Mineral Resources International Inc. (NI) gained 0.9 percent to 2.17 pesos, snapping a four-day, 6.5 percent slump as nickel prices advanced to a 10-week high. NiHao jumped as much as 2.8 percent earlier. Minerales Industrias Corp. (MIC) , a minerals explorer, climbed 3.5 percent to 3 pesos. Nickel for three-month delivery rose as high as $24,700 a ton on the London Metal Exchange yesterday, the strongest level since May 19. It last traded at $24,650.

I-Remit Inc. (I) , a Philippine provider of money transfer services, jumped 4.7 percent to 3.14 pesos, the highest close since May 27. The company said it obtained a license to open branches in the European Union and will open offices in Italy.

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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