24 October 2011
USD/PhP: 43.268 - 0.175 PSEi: 4201.08 + 34.48
USD/JPY: 76.16 PFINC: 931.99 + 3.77
EUR/USD: 1.3860 BDO: 52.85 + 1.05
GBP/USD: 1.5934 BPI: 56.00 - 0.05
PDSTF3M: 1.6808 MBT: 67.40 (no change)
Prices as of 4:00pm Source: Bloomberg, Reuters
Philippine Stocks: AgriNurture, ATR KimEng, DFNN, Metro Pacific
By Ian C. Sayson
Oct. 24 (Bloomberg) -- Shares of the following had unusual moves in
Philippine trading. Stock symbols are in parentheses
and prices are as of the close in Manila.
The Philippine Stock Exchange Index increased 0.8 percent to 4,201.08,
the first gain in three days.
AgriNurture Inc. (ANI PM), a fruit and vegetable grower, increased 2.8
percent to 10.02 pesos, the sharpest gain since
Oct. 6. The company is planning three or four more acquisitions this year
to double sales, BusinessWorld reported, citing
Antonio Tiu, AgriNurture’s president. Tiu couldn’t be reached at his office
for comment.
ATR KimEng Financial Corp. (ATRK PM) climbed 1.4 percent to 4.40
pesos, the highest close since Aug. 12, after saying Kim Eng Holdings Ltd.
will offer to buy the shares that it doesn’t own in the company.
DFNN Inc. (DFNN PM), a provider of Internet-based stock market
investing services, decreased 5.7 percent to 6.65 pesos,
the sharpest loss since Sept. 26. The company said it’s in talks with
shareholder MAA International Assurance Ltd., which plans
to boost its stake in DFNN to close to 10 percent.
MAA, which owns 571,000 shares of the company, isinterested in buying
additional primary shares through a so-called private placement, a
stock-exchange filing showed.
Metro Pacific Investments Corp. (MPI PM), a unit of Hong Kong’s First
Pacific Co., advanced 1.7 percent to 3.05 pesos,
snapping four days of losses. Metro Pacific said it agreed to buy the
company that operates the Cardinal Santos Medical Center for 300 million
pesos ($6.9 million).
BDO UNIBANK, INC.
Jonathan Ravelas
Chief Market Strategist
(632) 858-3145
Anton Lina
Junior Researcher
(632) 858-3001
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