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Philippine Stocks: Atlas Mining, Metro Pacific Investments

Shares of the following companies had unusual 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) decreased 0.9 percent to 4,670.49.

Atlas Mining & Development Corp. (AT PM) advanced 3.3 percent to 19.56 pesos, the highest close since Oct. 28, after a measure of metal prices increased to a four-month high. The London Metals Index, a gauge of six metals traded on the London Metal Exchange including copper and nickel, rose 0.3 percent yesterday to the highest since Sept. 20.

Metro Pacific Investments Corp. (MPI) advanced 1.1 percent to 3.56 pesos, the sharpest gain since Jan. 10. The company said its venture Metro Rail Transit Corp. holds the rights to expand a train network in the Philippine capital.

To contact the reporter on this story: Ian Sayson in Manila at isayson@bloomberg.net

To contact the editor responsible for this story: Richard Frost at rfrost4@bloomberg.net

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