Bloomberg News

Philippine Stocks: Central Azucarera, Roxas, Pacific Online

May 30, 2012

Shares of the following companies had unusual moves in Philippine (PASHR) trading. Stock symbols are in parentheses and prices are as of 10:37 a.m. in Manila.

The Philippine Stock Exchange Index (PCOMP) fell 0.4 percent to 5001.00, its second day of declines. The measure is heading for a 3.9 percent loss this month, the first monthly drop since November.

Sugar stocks: Central Azucarera de Tarlac (CAT PM), a sugar miller and refiner, slid 4.3 percent to 18 pesos, on course for the biggest slide since May 22. Roxas Holdings Inc. (ROX) , the nation’s biggest producer of raw sugar, lost 1.5 percent to 2.56 pesos.

Raw-sugar futures for July delivery fell 0.3 percent to 19.48 cents a pound on ICE Futures U.S. in New York. In May, the price has dropped 7.8 percent.

Pacific Online Systems Corp. (LOTO) , a supplier of online lottery system, gained 1 percent to 20.5 pesos. The company bought back 5,000 shares at 20.40 pesos each, a stock exchange filing showed.

To contact the reporter on this story: Anuchit Nguyen in Bangkok at anguyen@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net


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