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

Philippine Stocks: ISM Communications, San Miguel, Solid Group

Oct. 21 (Bloomberg) -- Shares of the following companies had unusual moves in Philippine trading. Stock symbols are in parentheses and prices are as of the close in Manila.

The Philippine Stock Exchange Index decreased 0.1 percent to 4,166.60. The measure has advanced 0.3 percent this week, its fourth straight weekly gain.

ISM Communications Corp. (ISM PM) jumped 12 percent to 3.80 pesos, the sharpest gain since July 28. The company said it signed an agreement to sell 37.7 percent of Eastern Telecommunications Philippines Inc. for 1.51 billion pesos ($35 million) to San Miguel Corp. (SMC PM). San Miguel rose 1.7 percent to 112.50 pesos, the steepest advance since Sept. 30.

Solid Group Inc. (SGI PM), a manufacturer and wholesaler of consumer electronic products, declined 2.6 percent to 1.13 pesos, the lowest close since Oct. 12. The company said it has no joint venture with China’s Yahgee Modular House Ltd., clarifying a Philippine Star report.

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.