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

To contact the editor responsible for this story: Shiyin Chen 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.