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Sta. Lucia Land Advances in Manila on Loan, Property Purchase

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.

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