Dec. 26 (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 0.3 percent to 4,387.06, the highest level since Sept. 2. The measure advanced for a seventh day, the longest stretch of gains since Oct. 17. The gauge has advanced 4.4 percent year to date.
Construction-related stocks: DMCI Holdings Inc. (DMC PM), the country’s largest construction company, increased 1.5 percent to 42.10 pesos, the highest close since Aug. 18, on the outlook for infrastructure spending. Holcim Philippines Inc. (HLCM PM), the nation’s biggest cement producer, rose 7.7 percent to 9.80 pesos, the highest close since Sept. 1.
The government will bid out 16 projects under its public-private partnership (PPP) program, the Philippine Daily Inquirer reported today, citing PPP Center Director Ronaldo Corpus. Corpus could not be immediately contacted for comment.
International Container Terminal Services Inc. increased 1.1 percent to 53.10 pesos, its biggest advance since Dec. 1., after the largest Philippine port operator said it would spend $21 million from its retained earnings on local expansion and investments in foreign ports next year. Unit ICTSI Warehousing Inc. declared 995 million pesos ($23 million) in dividends, it said in a stock-exchange filing.
Prime Orion Philippines Inc. (POPI PM) fell 2 percent to 48 centavos, the biggest loss since Dec. 19, after the property company said in a stock filing today that Lepanto Ceramics Inc., an indirect subsidiary, had filed for rehabilitation.
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