Philippine Stocks: Megaworld Corp., Robinsons Land, San Miguel
The Philippine Stock Exchange Index (PCOMP) gained 0.3 percent to 4,783.52. The measure rounded a 0.5 percent advance this week.
Developers: Megaworld Corp. (MEG) , which has the largest market share in business process outsourcing offices, advanced 4.4 percent to 1.66 pesos, the sharpest gain since Nov. 15. Robinsons Land Corp. (RLC) increased 1.9 percent to 14.70 pesos, the most since Feb. 1. Philippine President Benigno Aquino said the industry will add 610,000 jobs, boosting the outlook for office-space demand.
San Miguel Corp. (SMC) , the largest Philippine food and drinks manufacturer, declined 1.1 percent to 115.60 pesos, the lowest close since Nov. 3. The company is still in talks to acquire Philippine Airlines Inc., San Miguel President Ramon Ang said. PAL Holdings Inc. (PAL) , owner of the carrier, said it’s not aware of the talks.
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