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 gained 0.3 percent to 4,332.63.
CitisecOnline.com Inc. (COL) , a provider of online stock brokerage services, climbed 5.1 percent to 18.70 pesos, the highest close based on prices going back to November 1993. The company said second-quarter net income more than doubled to 100.3 million pesos ($2.4 million) from a year ago.
Robinsons Land Corp. (RLC) , the second-largest Philippine shopping mall operator, gained 1 percent to 12.40 pesos, the highest in a week. The builder said net income in the third quarter of its fiscal year 2011 rose to 1.01 billion pesos from 792.5 million pesos in the same period last year.
San Miguel Corp. (SMC) , the nation’s biggest food and drinks company, advanced 4.6 percent to 126.50 pesos, the sharpest gain since May 9. The company said first-half net income increased 72 percent to 10.8 billion pesos. The company also said that it will sell 59 million Manila Electric Co. (MER) shares to unit San Miguel Pure Foods Co. (PF PM) at 220 pesos each.
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