The Philippine Stock Exchange Index rose 27.58, or 0.7 percent, to 4,176.48 at the noon close in Manila, bring its gains for the week to 3 percent.
The following companies were among the most active in trading. Stock symbols are in parentheses.
A. Brown Co. (BRN PM), a property developer and palm oil miller, rose 1.4 percent to 2.85 pesos after distributing 62.5 million treasury shares as a dividend.
Jollibee Foods Corp. (JFC PM), the nation’s biggest fast-food company, rose 2.4 percent to 84 pesos. The company plans to open next year 10 outlets of the Caffe Ti-Amo coffee and gelato franchise it acquired this year, BusinessMirror reported Chairman Tony Tan Caktiong as saying.
Metro Pacific Investments Corp. (MPI PM), a water utility and toll-road company, rose 1.6 percent to 3.72 pesos. Its toll-road unit may hold a share sale and expand in the southern Philippines, BusinessWorld newspaper reported, citing Chairman Manuel Pangilinan.