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Philippine Equity Movers: Energy Development, IP E-Game, RFM

March 5 (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 a record 5,030.58.

Energy Development Corp. (EDC PM) dropped 1.9 percent to 5.29 pesos, falling for a third day. The nation’s largest geothermal company said 2011 net income dropped 86 percent from a year earlier to 615 million pesos ($14 million), according to an e-mailed statement yesterday.

IP E-Game Ventures Inc. (EG PM), a Manila-based online games publisher, added 1.1 percent to 18.5 centavos. The company plans to raise 373.5 million pesos from a share sale, according to a statement to the exchange. The company is selling shares to comply with ownership rules.

RFM Corp. (RFM PM) climbed 1.3 percent to 1.53 pesos. The food company confirmed in a statement to the exchange that it expects profit to rise 15 percent in 2012.

To contact the reporters on this story: Cecilia Yap in Manila at Saeromi Shin in Seoul at;

To contact the editor responsible for this story: Darren Boey at

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