Bloomberg News

Philippine Stocks: AgriNurture, DMCI Holdings, Lafarge Republic

July 17, 2012

Shares of the following companies had unusual moves in Philippine (PASHR) trading. Stock symbols are in parentheses and prices are as of the close in Manila.

The Philippine Stock Exchange Index (PCOMP) declined 0.2 percent to 5,285.12, snapping a two-day rally.

Construction, cement companies: Construction-material prices in Manila rose 4.7 percent in June, compared with a 2.6 percent gain in May, the Philippine Star reported, citing data from the National Statistics Office.

Lafarge Republic Inc. (LRI) , a cement producer, advanced 1.8 percent to 8.96 pesos, the highest close since May 3. DMCI Holdings Inc. (DMC) , the nation’s largest construction company, declined 1.2 percent to 58.70 pesos on concern material costs will rise.

AgriNurture Inc. (ANI) , a vegetable and fruit grower, increased 6.5 percent to 9.08 pesos, the sharpest gain since April 23. The company dropped a plant to buy Sugarhouse, a restaurant operator after failing to reach an agreement on its proposed acquisition following “legal, tax and financial due diligence,” AgriNurture said in a statement today.

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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