Philippine Equity Movers: Anchor Land, Nickel Asia, Petron Corp.
The Philippine Stock Exchange Index (PCOMP) fell 0.2 percent to 5,067.66. The measure has risen 16 percent this year, poised for the best quarter since the three months ended September 2010.
Anchor Land Holdings Inc. (AHLI) (ALHI PM) advanced 21 percent to 34 pesos, the highest close since the stock began trading in August 2007. The developer reported a 49 percent increase in profit to 842 million pesos ($19.6 million) last year.
Nickel Asia Corp. (NIKL) , the largest Philippine producer of the metal, jumped 7.8 percent to a record close at 33.20 pesos after the company said its net income grew 129 percent to 3.54 billion pesos.
Petron Corp. (PCOR) , the nation’s biggest oil refiner, climbed 2.6 percent to 10.14 pesos, the sharpest gain since Feb. 28. President Eric Recto said the company plans to further invest in power generation.
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