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.