Manila Water Falls Most in More Than Four Years, Extends Decline
Manila Water Co. (MWC), which supplies half of the Philippine capital, fell 6.2 percent, the most since January 2009, extending its two-day decline to 9 percent.
The unit of Ayala Corp. was the second-worst performer on the 30-member Philippine Stock Exchange Index today as Manila Water shares dropped to 36.90 pesos, cutting gains this year to 15 percent. The PSE index fell 1.3 percent to a 10-week low in Manila, extending its slide from a May 15 record to 9.7 percent.
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