Philippine Stocks: MacroAsia Corp., Suntrust Home Developers
Shares of the following companies had unusual moves in Philippine trading. Stock symbols are in parentheses and prices are as of the noon close in Manila.
The Philippine Stock Exchange Index fell 0.1 percent to 4,292.92, the lowest since Aug. 22.
MacroAsia Corp. (MAC) , a Philippine provider of in- flight catering services, added 1.2 percent to 3.45 pesos, ending a two-day drop. The company bought back 100,000 shares, according to a stock exchange filing.
Suntrust Home Developers Inc. (SUN) increased 3.5 percent to 59 centavos, the highest close since Aug. 4. The company said its purchase of First Oceanic Property Management Inc. will create a “new revenue stream” and will complement its real estate assets, an exchange filing showed.
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