Philippine Stock Movers: AgriNurture, Philippine Estates Corp.
Stock Chart for Philippine Estates Corp (PHES)
The Philippine Stock Exchange Index (PCOMP) rose 0.6 percent to 4,422.22, the highest close since Aug. 5.
AgriNurture Inc. (ANI) , a fruit and vegetable grower, increased 6.5 percent to 11.16 pesos, the highest close since Dec. 2, 2010. Black River Capital Partners Food Fund Holdings (Singapore) Pte. Ltd. bought a 28.1 percent stake in the company, a stock-exchange filing showed. AgriNurture separately said it’s in talks with a “number of food retail chains for possible acquisition.”
Philippine Estates Corp. (PHES) dropped 7.9 percent to 29 centavos, the sharpest loss since Sept. 26. The property company told the Philippine Stock Exchange it has no knowledge of any material information that caused its shares to surge as much as 48 percent yesterday.
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