Philippine Equity Movers: First Metro, Pepsi-Cola Products
The Philippine Stock Exchange Index (PCOMP) rose less than 0.1 percent to 5,161.68.
First Metro Investment Corp. (FMIC) , a financial services provider, climbed 2.3 percent to 67.50 pesos. The company said first-quarter profit more than doubled from a year earlier to 979 million pesos ($23 million), a stock exchange filing showed.
Pepsi-Cola Products Philippines Inc. (PIP) advanced 4.9 percent to 2.79 pesos, bound for the steepest gain since April 13. The soda pop-maker’s first-quarter profit jumped to 224.9 million pesos from 31.9 million pesos a year ago, a stock exchange filing showed.
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