Bloomberg News

Philippine Stocks: IPVG, JTH Davies, Rizal Commercial Bank

December 12, 2011

Dec. 12 (Bloomberg) -- Shares of the following companies had unusual moves in Philippine trading. Stock symbols are in parentheses and prices are as of 10:59 a.m. in Manila.

The Philippine Stock Exchange Index rose 0.4 percent to 4,309.84.

IPVG Corp. (IP PM) declined 8.3 percent to 1.54 pesos, heading for the lowest close since Sept. 26. The company said 38 million shares have been lifted from a voluntary lock-up period.

JTH Davies Holdings Inc. (JTH PM) gained 1.5 percent to 2.70 pesos, heading for the highest close since Dec. 2, after the company said STI Education Services Group Inc., in which it is buying 35 million shares, is evaluating options to become a publicly listed company.

Rizal Commercial Banking Corp. (RCB PM), a Manila-based bank, advanced 0.8 percent to 30.55 pesos. The company plans to sell up to 5 billion pesos ($115 million) of long-term negotiable certificates of deposit, a stock-exchange filing showed.

--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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