Asia Cement, Holcim Philippines rise on reconstruction efforts

Asia Cement, Holcim Philippines rise on reconstruction efforts
Published: 20 December 2011

Holcim Philippines Inc, the nation’s biggest producer of cement, advanced 5.8 per cent to PHP8.78, set for the sharpest gain since November 17 on prospect demand for the building material will be boosted by reconstruction in areas hit by Tropical Storm Washi.

Southeast Asia Cement Holdings Inc rose 2.7 per cent to 1.51 pesos, heading for the highest close since August 16.

“Rebuilding and repairing the affected areas will benefit cement and construction companies,” said Astro del Castillo, managing director at First Grade Finance Inc.