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Philippine Equity Movers: Anchor Land, Nickel Asia, Petron Corp.

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March 28 (Bloomberg) -- Shares of the following companies had unusual moves in Philippine trading. Stock symbols are in parentheses and prices are as of the close of trading in Manila.

The Philippine Stock Exchange Index fell 0.2 percent to 5,067.66. The measure has risen 16 percent this year, poised for the best quarter since the three months ended September 2010.

Anchor Land Holdings Inc. (ALHI PM) advanced 21 percent to 34 pesos, the highest close since the stock began trading in August 2007. The developer reported a 49 percent increase in profit to 842 million pesos ($19.6 million) last year.

Nickel Asia Corp. (NIKL PM), the largest Philippine producer of the metal, jumped 7.8 percent to a record close at 33.20 pesos after the company said its net income grew 129 percent to 3.54 billion pesos.

Petron Corp. (PCOR PM), the nation’s biggest oil refiner, climbed 2.6 percent to 10.14 pesos, the sharpest gain since Feb. 28. President Eric Recto said the company plans to further invest in power generation.

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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