Aboitiz, Swift Foods, SM Prime: Philippine Stocks Preview

The following companies may have unusual price changes in Philippine trading. Stock symbols are in parentheses and share prices are as of the last close.

The Philippine Stock Exchange Index declined 1.23 points, or less than 0.1 percent, to 4,290.17.

Aboitiz Equity Ventures Inc. (AEV) : The company with investments in power, food and banking bought an additional 1.95 million shares in unit Union Bank of the Philippines (UBP PM) at 60.70 pesos each. Aboitiz rose 1 percent to 39.20 pesos, while Union Bank advanced 0.25 percent to 60.70 pesos.

Swift Foods Inc. (SFI) : The manufacturer of processed meat and poultry products will list 7.08 million common shares today to cover the same number of converted preferred shares, the stock exchange said in a circular. Swift Foods rose 0.7 percent to 15.50 centavos.

SM Prime Holdings Inc. (SMPH) : The Southeast Asian nation’s largest-shopping mall operator will open five malls next year, Philippine Star reported, citing executive vice president Jeffrey Lim. The list includes a mall in southwestern China, the report said. SM Prime advanced 0.8 percent to 13 pesos.

To contact the reporter on this story: Cecilia Yap in Manila at cyap19@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.