Bloomberg News

Philippine Stocks: Bank Philippine Islands, Philippine National

November 17, 2011

Nov. 17 (Bloomberg) -- Shares of the following companies had unusual moves in Philippine trading. Stock symbols are in parentheses and prices are as of 11:31 a.m. in Manila.

The Philippine Stock Exchange Index increased 0.2 percent to 4,350.29.

Bank of Philippine Islands (BPI PM) advanced 1.2 percent to 56.50 pesos, set for the sharpest gain since Oct. 28. The stock sank 4 percent yesterday before announcing it will pay 90 centavos a share in dividends.

Philippine National Bank (PNB PM) climbed 1.6 percent to 55.60 pesos, heading for the highest close since Nov. 4, after the lender said it sold 3 billion pesos ($69 million) of five- year notes to boost its operations.

--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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