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Manila Water Falls Most in More Than Four Years, Extends Decline

June 4 (Bloomberg) -- Manila Water Co., 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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To contact the reporter on this story: Billy Chan in Hong Kong at bchan101@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

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