Bloomberg News

Philippine Stocks: DMCI Holdings, Integrated Micro, Philex

October 11, 2011

Oct. 11 (Bloomberg) -- 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 rose 1.7 percent to 4,109.27, the highest level since Sept. 21.

DMCI Holdings Inc. (DMC PM), the nation’s biggest construction company, advanced 4.3 percent to 36.75 pesos, the highest since Sept. 21. Dacon Corp., DMCI’s largest shareholder, bought 30,694 shares, a stock-exchange filing showed.

Integrated Micro-Electronics Inc. (IMI PM), a provider of electronic manufacturing services, declined 3.7 percent to 5.20 pesos, the sharpest loss since Sept. 26, after the government said exports slid the most since 2009 in August as sales of electronic goods dropped.

Philex Mining Corp. (PX PM), the nation’s largest metal producer, advanced 1.7 percent to 23.35 pesos, the highest close since Sept. 22. The company may mine its Silangan copper-gold project for as many as 50 years, the Philippine Daily Inquirer reported, citing President Jose Ernesto Villaluna. Villaluna couldn’t be reached at his office for comment.

--Editor: Matthew Oakley

To contact the reporter on this story: Ian C. Sayson in Manila at isayson@bloomberg.net

To contact the editor responsible for this story: Shiyin Chen at schen37@bloomberg.net


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