Philippine Stocks: Atlas Mining & Consolidated, Manila Electric

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) decreased 0.4 percent to 5,127.

Atlas Consolidated & Mining Development Corp. (AT) advanced 1.2 percent to 18.08 pesos, its sharpest gain since March 5, after its Carmen Copper Corp. unit completed the sale of $300 million of bonds to help repay debt and finance its expansion.

Manila Electric Co. (MER) , the nation’s biggest power producer, increased 4.8 percent to 273.40 pesos, the largest gain since Dec. 13. The utility plans to start its prepaid power service by “early” 2013, Vice President Melinda Derpo said in an interview.

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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