Philippine Stocks Movers: AgriNurture, South China Resources
Stock Chart for Philippine Long Distance Telephone Co (TEL)
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 decreased 0.9 percent to 4,305.56.
Oil explorers: South China Resources Inc. (SOC) fell 4.4 percent to 1.30 pesos, leading declines among oil-related stocks, as crude dropped from a two-day high in New York. Oil fell as much as 0.6 percent to $84.83 a barrel before trading at $85.10. Trans-Asia Oil & Energy Development (TA) Corp fell 1 percent to 1.03 pesos, the lowest since Aug. 9.
AgriNurture Inc. (ANI) , a fruit and vegetable grower, climbed 2.4 percent to 8.50 pesos, the steepest advance since Aug. 12. Gross profit at The Big Chill Inc., a fruit shakes and juice venture the company’s acquiring, is forecast to reach 128 million pesos in 2012, a stock exchange filing showed.
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