Bloomberg News

Philippine Stocks: International Container, Universal Robina

November 16, 2011

Nov. 16 (Bloomberg) -- Shares of the following companies may have unusual moves in Philippine trading. Stock symbols are in parentheses and prices are as of 12:05 pm. in Manila.

The Philippine Stock Exchange Index decreased 0.5 percent to 4,342.44.

MSCI-related stocks: Universal Robina Corp. (URC PM) climbed to a record, while International Container Terminal Services Inc. (ICT PM) rose to a four-month high and San Miguel Corp. (SMC PM) 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 7.6 percent to 51.55 pesos, heading for the highest close since March 1994. International Container, the country’s biggest port operator, rose 6.1 percent to 57.60 pesos, set for the highest close since July 21. San Miguel increased 4.5 percent to 124.90 pesos, set for the highest close since Sept. 12.

Filinvest Development Corp. (FDC PM) sank 1.6 percent to 3.68 pesos, heading for the lowest close since Sept. 26. after a regulatory filing showed the company’s nine-month profit decreased to 3.13 billion pesos ($72 million), compared with 3.81 billion a year earlier.

--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: Darren Boey at dboey@bloomberg.net


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