Bloomberg News

Philippine Stock Movers: AgriNurture, Philippine Estates Corp.

January 03, 2012

Jan. 3 (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 0.6 percent to 4,422.22, the highest close since Aug. 5.

AgriNurture Inc. (ANI PM), a fruit and vegetable grower, increased 6.5 percent to 11.16 pesos, the highest close since Dec. 2, 2010. Black River Capital Partners Food Fund Holdings (Singapore) Pte. Ltd. bought a 28.1 percent stake in the company, a stock-exchange filing showed. AgriNurture separately said it’s in talks with a “number of food retail chains for possible acquisition.”

Philippine Estates Corp. (PHES PM) dropped 7.9 percent to 29 centavos, the sharpest loss since Sept. 26. The property company told the Philippine Stock Exchange it has no knowledge of any material information that caused its shares to surge as much as 48 percent yesterday.

--Editor: Darren Boey

To contact the reporter on this story: Ian 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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