Philippine Stocks Movers: Bloomberry, I-Remit, Jollibee Foods

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) rose 0.9 percent to 5,167.20. The measure has gained 1.2 percent this quarter, the best-performing benchmark index in Asia.

Bloomberry Resorts Corp. (BLOOM) advanced 5.6 percent to 8.90 pesos, the sharpest gain since April 20. The construction of the company’s hotel and casino complex is 70 percent complete and on track for its scheduled opening in the first quarter of 2013, Chief Operating Officer Michael French said.

First Gen Corp. (FGEN) increased 3 percent to 17.40 pesos, the highest close since April 2008. The company plans to build two hydropower plants with a 600-megawatt combined capacity, Philippine Daily Inquirer reported, citing President Giles Puno. Puno couldn’t be reached at his office for comment.

I-Remit Inc. (I) , the nation’s biggest non-bank provider of fund-transfer services, jumped 8.2 percent to 2.78 pesos, the highest close since Aug. 22. The company said it will pay a record dividend of 19.93 centavos a share.

Jollibee Foods Corp. (JFC) , the largest Philippine fast- food company, increased 2.9 percent to 107 pesos, the first gain in three days. Jollibee is looking at two more acquisitions in China, Chairman Tony Tan Caktiong said. The company’s performance this year may be better than 2011, Chief Financial Officer Ysmael Baysa said.

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 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.