Breaking News

Tweet TWEET

Philippine Stocks: Century Properties, Philippine Telephone

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

The Philippine Stock Exchange Index (PCOMP) rose 0.7 percent to 4,934.29.

Century Properties Group Inc. (CPG) (CPG PM), a real-estate company, fell 5.8 percent to 1.64 pesos, the lowest close since July 13. Century Properties Inc., the company’s parent, sold 868.3 million shares in the builder to APG Strategic Real Estate Pool NV, a stock-exchange filing showed.

Philippine Long Distance Telephone Co. (TEL) , the nation’s biggest phone company, advanced 1.1 percent to 2,846 pesos, the first gain in three days. The company expects to meet its core profit guidance of 39 billion pesos for 2011, a stock- exchange filing showed.

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

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.