Philippine Equity Movers: First Gen, RFM, Semirara, Union Bank
The Philippine Stock Exchange Index (PCOMP) rose 0.7 percent to 5,202.70. The gauge has climbed 1.9 percent this month, its fifth month of gains. The measure is poised for its longest stretch of monthly increases since October 2010.
First Gen Corp. (FGEN) advanced 1 percent to 14.12 pesos, the highest close since Jan. 27. The power company plans to sell as many as 100 million preferred shares at 100 pesos each, a stock-exchange filing showed.
RFM Corp. (RFM) climbed 2.9 percent to 2.83 pesos, the highest close since January 1999. The company said first-quarter profit rose 30 percent to 130 million pesos ($3.1 million).
Semirara Mining Corp. (SCC) , the largest coal producer in the Philippines, rose 2.1 percent to 252 pesos, the highest close based on prices going back to 1999. The company said it will pay a dividend of 12 pesos a share, 20 percent more than last year.
Union Bank of the Philippines (UBP PM) advanced 1.3 percent to 106.90 pesos, the highest close since March 1. The company posted a record 2.8 billion-peso profit in the first quarter, compared with 708.3 million pesos in 2011, a stock-exchange filing showed.
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