The Philippine Stock Exchange Index increased 0.8 percent to 4,371.96, the biggest gain in almost a month. The measure advanced 4.1 percent this year, the third consecutive yearly gain.
Mining shares: Oriental Petroleum & Minerals Corp. (OPM PM) dropped 5.9 percent to 1.6 centavos, leading a decline among Philippine mining companies after a gauge of six metals traded on the London Metal Exchange including copper and nickel fell 2.2 percent yesterday, the sharpest loss since Dec. 14.
Philex Mining Corp. (PX) , the nation’s biggest metal producer, sank 2.1 percent to 20.85 pesos, the lowest close in two weeks. Manila Mining Corp. (MAB) Class-B shares (MAB PM), which are open to overseas investors, decreased 1.7 percent to 5.9 centavos and Omico Corp. (OM) slid 1.4 percent to 72 centavos. Lepanto Consolidated Mining Co. (LC) decreased 1.3 percent to 1.55 pesos, the lowest level since Nov. 29.
DFNN Inc. (DFNN) rose 1.6 percent to 5.90 pesos, the highest close in a week, after the Manila-based provider of Internet-based stock-market investing services said it’s seeking to double sales next year as it consolidates its gaming business.
To contact the reporter on this story: Norman P. Aquino in Manila at email@example.com
To contact the editor responsible for this story: Darren Boey at firstname.lastname@example.org