Ayala is trading at $8.10 (8% up) after the company increased its stake in flagship property arm Ayala Land through a ₱115.4 million share purchase.
- The acquisition of 6.9 million additional shares is seen as a strategic move to close the valuation gap for the property unit.
- The transaction has sparked renewed demand for Ayala’s U.S.-traded shares, breaking a recent period of flat trading.