The Philippine Stock Exchange Index dropped 0.4 percent to 4,276.34, its lowest since Nov. 29.
IPVG Corp. (IP) fell 14 percent to 1.45 pesos, its lowest close since Sept. 26. The company said 38 million shares have been lifted from a voluntary lock-up period.
JTH Davies Holdings Inc. (JTH) gained 1.5 percent to 2.70 pesos after the company said STI Education Services Group Inc., in which it is buying 35 million shares, was evaluating options to become a listed company.
NiHAO Mineral Resources International Inc. (NI) declined 2.9 percent to 3.98 pesos, its lowest close since Nov. 11. The company said its affiliate Oriental Vision Mining Philippines Inc. is in talks with several groups to build a nickel processing plant.
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