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Philippine Stocks: Holcim Philippines, Southeast Asia Cement

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Dec. 20 (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 rose 0.6 percent to 4,342.18.

Cement-makers: Holcim Philippines Inc. (HLCM PM), the nation’s biggest producer of cement, advanced 4.8 percent to 8.70 pesos, the sharpest gain since Dec. 8, on the prospect demand for the building material will be boosted by reconstruction in areas hit by Tropical Storm Washi. Southeast Asia Cement Holdings Inc. (CMT PM) rose 2 percent to 1.50 pesos, the highest close since Sept. 9.

“Rebuilding and repairing the affected areas will benefit cement and construction companies,” said Astro del Castillo, managing director at First Grade Finance Inc.

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

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