The Philippine Stock Exchange Index rose 0.1 percent to 4,282.62.
Banks: Philippine bank loans, net of overnight placements with the central bank, grew 22.2 percent in October from a year ago, data from the central bank showed. BDO Unibank Inc. (BDO) , the nation’s largest bank by assets, increased 0.3 percent to 58.95 pesos. Metropolitan Bank & Trust Co. (MBT) gained 0.1 percent to 68.90 pesos.
Cebu Air Inc. (CEB) : The largest Philippine budget carrier said it flew more than a million passengers in November, putting it on track to reach its goal of 12 million passengers for this year. The stock declined 2.1 percent to 66 pesos.
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