Philippine Stocks: MRC Allied, Philippine National Bank

Shares of the following companies had unusual moves in Philippine trading. Stock symbols are in parentheses and prices are as of the close in Manila.

The Philippine Stock Exchange Index decreased 0.2 percent to 4,334.66.

MRC Allied Inc. (MRC) advanced 4.6 percent to 34.5 centavos, the highest since Aug. 22, after signing an agreement for a gold-processing facility that will bring in revenue starting in first quarter of 2012. The stock increased as much as 9.1 percent earlier today.

Philippine National Bank (PNB) climbed 1.5 percent to 55.55 pesos, the highest close since Nov. 4, after the lender said it sold 3 billion pesos ($69 million) of five-year notes to boost its operations.

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

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

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