Atlas, First Philippine, Nickel Asia: Philippine Stocks Preview

Bloomberg reports that stocks in the Philippines may have experienced unusual movement today.

The market news is quoted as saying,

Atlas Consolidated Mining & Development (AT) Corp: The Philippine metals producer said its working with partners to restart operations at a nickel mine and that this would cost at least $3 million, according to a stock exchange filing. The nickel mine is in talks with a Chinese company for possible sales agreement, it said. The stock declined 2.8 percent to 15.80 pesos.

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