Philippine Stocks: Eton, Philex Mining, Philippine National Bank
The Philippine Stock Exchange Index increased 21.83, or 0.5 percent, to 4,113.69 at the noon close in Manila.
The following companies are among the most active in Philippine trading. Stock symbols are in parentheses.
Banks, Builders: Philippine National Bank (PNB PM) and Eton Properties Philippines Inc. led gains among the nation’s lenders and builders as central bank data showed that banks had increased their loans to real-estate companies.
Philippine National rose 5.1 percent to 64.50 pesos, its highest close since Dec. 9. Eton advanced 8.9 percent to 3.79 pesos, climbing the most since Sept. 7. The Bangko Sentral ng Pilipinas reported banks’ real-estate exposure, which includes loans to the sectors and investments in the form of debt and equity securities, climbed 10.3 percent in the third quarter to 415.6 billion pesos ($9.4 million) from a year earlier.
Miners: Philex Mining Corp. (PX PM), the Philippines’ largest miner, rose 3.9 percent to 15.46 pesos, its highest close since Oct. 7, after gold for immediate delivery climbed for a fourth day. Benguet Corp. (BC PM) gained 4.2 percent to 11.50 pesos, while Lepanto Consolidated Mining Corp. (LC PM) advanced 6.2 percent to 43 centavos.
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