Philippine Stock Movers: Ayala Corp., Philex Mining, San Miguel
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 advanced 1 percent to 4,356.87, the highest level since Sept. 5.
Ayala Corp. (AC) , the owner of the largest Philippine developer, climbed 2.1 percent to 296 pesos. The company’s nine- month net income rose 7 percent from a year earlier to 7.3 billion pesos ($169 million), a stock-exchange filing showed.
Philex Mining Corp. (PX) , the nation’s biggest metals producer, advanced 1.5 percent to 23.35 pesos. The London Metals Index, a basket of six futures traded on the London Metal Exchange, including copper and nickel, gained 1.8 percent on Nov. 11, the steepest increase since Oct. 27.
San Miguel Corp. (SMC) , the largest Philippine food and drinks company, rose 2.6 percent to 120 pesos. The company posted a 41 percent increase in recurring net income for the first nine months of the year to 11.6 billion pesos, a stock exchange filing showed. Net income was 11.9 billion pesos, the filing showed without providing a comparative figure.
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