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 13.08 points, or 0.3 percent, to 4,501.53.
Class B shares of Lepanto Consolidated Mining (LC) Co, a Philippine miner, jumped 6 percent to 1.41 pesos, the highest close based on prices going back to January 1990. Copper futures in London advanced as much as 0.8 percent to $9,608 a metric ton today. Three-month-delivery copper on the London Metal Exchange yesterday dropped as much as 1.7 percent to $9,520, the lowest level since July 12.
International Container Terminal Services Inc. (ICT) , the largest Philippine port operator, climbed 1.8 percent to 56.6 pesos, the highest close since July 21. The company is considering taking over the operations of Argentina’s port of La Plata, the Philippine Star newspaper reported. Chairman Enrique Razon couldn’t be reached at his office for comment.
Zeus Holdings Inc. (ZHI) jumped 13 percent to 1.04 pesos, the highest close since June 2009. The company is in talks with potential partners for the acquisition and or exploration of mining claims in the Philippines, a stock- exchange filing showed.
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