Philippine Stocks: International Container, Universal Robina
Shares of the following companies may have unusual moves in Philippine trading. Stock symbols are in parentheses and prices are as of the close in Manila.
The Philippine Stock Exchange Index decreased 0.5 percent to 4,341.62, ending a three-day rally.
MSCI-related stocks: Universal Robina Corp. (URC) climbed to a record, while International Container Terminal Services Inc. (ICT) rose to a four-month high and San Miguel Corp. (SMC) increased to a two-month high after MSCI Inc. said the stocks will be added to the MSCI Philippines Index.
Universal Robina, the nation’s biggest maker of snacks and bottled iced tea, jumped 8.4 percent to 51.90 pesos, the highest close since March 1994. International Container, the country’s biggest port operator, rose 4.9 percent to 56.95 pesos, the highest close since July 21. San Miguel increased 4.4 percent to 124.80 pesos, the highest close since Sept. 12.
ISM Communications Corp. (ISM) climbed 3.1 percent to 3.70 pesos, the highest close since Nov. 2. Philippine Bank of Communications said a group led by ISM obtained central bank approval to buy a controlling interest in the lender.
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