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Philippine Stocks Movers: Apex Mining Co., Pancake House Inc.

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Sept. 2 (Bloomberg) -- Shares of the following companies had unusual moves in Philippine trading. Stock symbols are in parentheses and prices are as of the noon close in Manila.

The Philippine Stock Exchange Index increased 0.6 percent to 4,392.91. The measure rounded a 2 percent gain this week, its sharpest weekly advance since June 24.

Apex Mining Co.’s Class B shares (APXB PM), which have no ownership restrictions, rose 2.4 percent to 4.30 pesos, the highest close since Aug. 24. The company said its board approved a merger with Teresa Crew Gold Philippines Inc.

Pancake House Inc. (PCKH PM), a Manila-based company operator of restaurants, increased 4.8 percent to 11 pesos, the highest close since Oct. 19. The company said it’s ready to open a “high-end” restaurant next year to be located within the nation’s upscale shopping malls.

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