Philippine Stocks: A. Brown, Jollibee Foods, Metro Pacific

The Philippine Stock Exchange Index rose 18.94, or 0.5 percent, to 4,167.84 at 11:28 a.m. in Manila after earlier losing as much as 0.4 percent.

The following companies are among the most active in trading. Stock symbols are in parentheses.

A. Brown Co. (BRN PM), a property developer and palm oil miller, rose 5 percent to 2.95 pesos, its biggest gain since June and its highest level since Nov. 19, after distributing 62.5 million treasury shares as a dividend.

Jollibee Foods Corp. (JFC PM), the nation’s biggest fast- food company, rose 6 percent to 86.90 pesos. The company plans to open next year 10 outlets of the Caffe Ti-Amo coffee and gelato franchise it acquired this year, BusinessMirror reported Chairman Tony Tan Caktiong as saying.

Metro Pacific Investments Corp. (MPI PM), a water utility and toll-road company, rose 3.6 percent to 3.79 pesos. Its toll- road unit may hold a share sale and expand in the southern Philippines, BusinessWorld newspaper reported, citing Chairman Manuel Pangilinan.

To contact the reporter on this story: Francisco Alcuaz Jr. in Manila at

To contact the editor responsible for this story: Darren Boey at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.