PMEA Blog

MANILA, Nov 19 (Reuters) - Shares of Lepanto Consolidated Mining Co jumped over 10 percent in early trade on Thursday a day after the Philippine miner said it was in talks to sell a stake to Hong Kong’s First Pacific Co.

Lepanto’s A shares restricted to local players gained as much as 12.5 percent to 0.27 pesos (0.6 US cents) before cutting its gains to 0.26 pesos by 0142 GMT. Its B shares open to all investors gained as much as 10.2 percent to 0.27 pesos.

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