Philippine Stocks: Ayala, Mabuhay, San Miguel, Semirara Mining
The Philippine Stock Exchange Index increased 4.86, or 0.1 percent, to 4,037.23 at the 12 p.m. close in Manila, its first gain in four days.
The following companies are among the most active in Philippine trading. Stock symbols are in parentheses.
Ayala Corp. (AC PM), owner of the largest property developer, rose 1.7 percent to 380.20 pesos, rebounding from yesterday’s 4.1 percent slump. Ayala bought 31,000 of its own shares in the open market yesterday, an exchange filing showed.
Mabuhay Holdings Corp. (MHC PM), which has investments in finance and property, increased 3.7 percent to 42.50 centavos, the highest since Dec. 9. The company said it agreed to lend money to Interport Resources Corp. at an 18 percent annual interest rate.
San Miguel Corp. (SMC PM), the biggest food and drinks company, jumped 6 percent to 180.20 pesos, the highest since Jan. 3. SMC Global Power Holdings Corp., a unit of the company, plans to add 3,000 megawatts of power generation capacity over a five- year period from its current capacity of 3,100 megawatts, SMC Global President Alan Ortiz told reporters.
Semirara Mining Corp. (SCC PM), the largest coal producer, rose 5.2 percent to 193 pesos, the steepest gain sine Dec. 7, after a court granted its petition for a tax refund.
To contact the reporter on this story: Ian C. Sayson in Manila at firstname.lastname@example.org
To contact the editor responsible for this story: Darren Boey at email@example.com.