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Ayala Land Inc. (ALI) returned to the market to buy back its own shares after its stock fell below the P14 mark, signaling management’s confidence in the company’s valuation despite a difficult backdrop for the property sector.
On Friday, the Zobel-led property giant disclosed that it purchased 7.5 million common shares on June 4 at prices ranging from P13.96 to P14.04 apiece.
READ: Ayala Land cuts 2026 capex to P50B
The transactions were worth about P105 million based on the disclosed purchase prices.
