Sta. Lucia Rises Most Since June After Scrapping Share Sale

Sta. Lucia Land Inc. shares climbed the most in almost three months in Manila trading after the company said it cancelled a $150 million share sale because of “market uncertainties” at home and overseas.

The stock jumped as much as 14 percent today. The shares climbed 7.5 percent, the most since June 29, to 86 centavos as of 10:37 a.m. in Manila. The benchmark Philippine Stock Exchange Index fell 1.4 percent.

To contact the reporter on this story: Ian Sayson in Manila at isayson@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

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