Bloomberg News

Philippine Stock Movers: Philex Mining, SM Prime Holdings

December 06, 2011

Dec. 6 (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 decreased 0.2 percent to 4,282.77.

Philex Mining Corp. (PX PM), the nation’s biggest metals producer, sank 2.2 percent to 22.30 pesos, the lowest close since Oct. 7, as gold fell for a second day and copper dropped for the first time in three days.

SM Prime Holdings Inc. (SMPH PM), the nation’s biggest shopping mall operator, declined 1.6 percent to 12.60 pesos, the sharpest loss since Nov. 24, amid a Philippine Star report that rival Ayala Land Inc. is interested in making a competing bid for the 300-hectare property that’s home to the Mactan Cebu International Airport.

--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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