The Philippine Stock Exchange Index fell 0.5 percent to 4,292.50. The measure trimmed this week’s gain to less than 0.1 percent.
Miners: NiHAO Mineral Resources International Inc. (NI) , the nation’s biggest nickel producer, declined 2.4 percent to 4.10 pesos, the lowest close since Nov. 24. United Paragon Mining Corp. (UP) decreased 4.4 percent to 2.2 centavos, the lowest level in a week.
The London Metals Index, a gauge of six metals traded on the London Metal Exchange including copper and nickel, fell 1.1 percent yesterday, the sharpest loss since Nov. 23.
Puregold Price Club Inc. (PGOLD PM), the nation’s second- biggest operator of hypermarkets and grocery stores, jumped 6.5 percent to 16.72 pesos, the sharpest gain since Nov. 8. The company is on track to reach its 1.5 billion peso ($34.4 million) to 1.6 billion peso profit goal this year, boosted by higher shopper traffic, Senior Vice President Aida de Guzman said today in a phone interview.
To contact the editor responsible for this story: Darren Boey at firstname.lastname@example.org