PMEA Blog

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

The Philippine Stock Exchange Index rose 13.08 points, or 0.3 percent, to 4,501.53.

Class B shares of Lepanto Consolidated Mining (LC) Co, a Philippine miner, jumped 6 percent to 1.41 pesos, the highest close based on prices going back to January 1990. Copper futures in London advanced as much as 0.8 percent to $9,608 a metric ton today. Three-month-delivery copper on the London Metal Exchange yesterday dropped as much as 1.7 percent to $9,520, the lowest level since July 12.

Read more..