Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

ABS-CBN, Filinvest, Universal: Philippine Stocks Preview

Dec. 10 (Bloomberg) -- The following companies may have unusual price changes in Philippine trading. Stock symbols are in parentheses and share prices are as of the most recent trading day.

The Philippine Stock Exchange Index decreased 0.3 percent to 4,209.42 at the 12 p.m. close in Manila.

Sugar-related stocks: The Philippines has sufficient supply of the sweetener even as the El Nino dry weather earlier this year delayed production, Sugar Regulatory Administrator Gina Martin said. Universal Robina Corp. (URC PM), which operates four sugar mills and three refineries, decreased 1.4 percent to 37.90 pesos. Filinvest Development Corp. (FDC PM), an owner of sugar companies, increased 4.4 percent to 5.22 pesos. Roxas Holdings Inc. (ROX PM), the nation’s biggest producer of raw sugar, was unchanged at 3 pesos.

ABS-CBN Corp. (ABS PM): The largest Philippine media company bought back 100,800 shares, a stock exchange filing showed. The stock decreased 0.9 percent to 45 pesos.

First Philippine Holdings Corp. (FPH PM): The owner of the nation’s largest power producer bought back one million shares at 67.50 pesos each in the open market, a stock exchange filing showed. The stock increased to 0.2 percent to 62.50 pesos.

To contact the reporter on this story: Ian C. Sayson in Manila at isayson@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.