Philippine Equity Movers: Ayala Corp., Manila Water, San Miguel

Philippine Stock Exchange Index +1.6% at close in Manila, with 24 stks up, 4 down; MSCI Asia-Pacific Index +1.2%.

* Manila Water (MWC PM) +5.7%, sharpest gain since March 27; Ayala Corp. (AC PM), parent of Manila Water, +2.4%, first gain in four days; Metropolitan Waterworks Regulatory Office reviewing proposals to raise rates of distributors serving capital, including Manila Water, Philippine Daily Inquirer reports today, citing Emmanuel Caparas, acting chief regulator *

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