Sta. Lucia Land Advances in Manila on Loan, Property Purchase

Sta. Lucia Land Inc. climbed, set for its highest close in more than a week, after the developer said it will borrow 1.5 billion pesos and acquire two parcels of land in Cavite, a province south of Manila.

The stock increased 2.4 percent to 86 centavos as of 10:07 a.m. local time, heading for the highest close since Sept. 9. The shares earlier jumped as much as 3.6 percent. The benchmark Philippine Stock Exchange Index rose 0.4 percent.

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

To contact the editor responsible for this story: Shiyin Chen at schen37@bloomberg.net

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