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Philippine Stocks: IPVG, JTH Davies, NiHAO Mineral Resources

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Dec. 12 (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 dropped 0.4 percent to 4,276.34, its lowest since Nov. 29.

IPVG Corp. (IP PM) fell 14 percent to 1.45 pesos, its lowest close since Sept. 26. The company said 38 million shares have been lifted from a voluntary lock-up period.

JTH Davies Holdings Inc. (JTH PM) gained 1.5 percent to 2.70 pesos after the company said STI Education Services Group Inc., in which it is buying 35 million shares, was evaluating options to become a listed company.

NiHAO Mineral Resources International Inc. (NI PM) declined 2.9 percent to 3.98 pesos, its lowest close since Nov. 11. The company said its affiliate Oriental Vision Mining Philippines Inc. is in talks with several groups to build a nickel processing plant.

To contact the reporter on this story: Norman P. Aquino in Manila at naquino1@bloomberg.net; Ian C. Sayson in Manila at isayson@bloomberg.net

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

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