Philippine Stocks: Banco de Oro, DMCI, International Container

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 122.02 points, or 3.2 percent, to 3,999.65, its third day of gains. The gauge dropped 6.8 percent this quarter, the biggest drop since the three months ended December 2008.

Banco de Oro Unibank Inc. (BDO) , the largest Philippine bank by assets, climbed 4.3 percent to 51 pesos, the largest gain since Aug. 10. The bank said it sold about 6.5 billion pesos ($149 million) of so-called lower tier-2 notes to boost capital.

DMCI Holdings Inc. (DMC) rose 1.2 percent to 34.70 pesos, leading an advance among infrastructure-related stocks, after the government said it will set up 22.5 billion pesos in “counterpart” funding for projects.

International Container Terminal Services Inc. (ICT) , the largest Philippine port operator, advanced 3.4 percent to 46.80 pesos, the biggest gain since Aug. 16. ICTSI Warehousing Inc., a unit of the largest Philippine port operator, bought about 1.6 million shares in the open market, a stock-exchange filing showed.

To contact the reporter on this story: Ian Sayson in Manila at isayson@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.