Philippine Stock Movers: AgriNurture, Philippine Estates Corp.

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

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.

To contact the reporter on this story: Ian 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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