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 climbed 3.2 percent to 4,290.14, gaining for the first time in four days. Today’s rally was the steepest since Dec. 2.

Miners: Philex Mining Corp. (PX) , the nation’s biggest metals producer, jumped 8.4 percent to 27.10 pesos, the sharpest gain since since June 24, after the price of copper rebounded. Lepanto Consolidated Mining (LC) Co.’s Class A shares (LC PM), reserved for Filipinos, advanced 6.7 percent to 1.28 pesos, halting a three-day drop.

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