Philippine Stocks: Ayala Land, Jollibee Foods, SM Prime

Feb. 17 (Bloomberg) — The following companies had unusual price changes in Philippine trading. Stock symbols are in parentheses and share prices are as of the close in Manila.

The Philippine Stock Exchange Index rose 2.4 percent to a record 4,880.71. The gauge climbed 2 percent this week, a third weekly advance.

Ayala Land Inc. (ALI PM) gained 6.8 percent to an all-time high of 20.50 pesos after the Philippines’s largest builder said it would spend about a quarter of this year’s record budget to expand its land holdings.

Continue Reading: http://www.businessweek.com/news/2012-02-17/philippine-stocks-ayala-land-jollibee-foods-sm-prime.html

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