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.
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