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Philippine Stocks: A. Brown, Jollibee Foods, Metro Pacific

Dec. 3 (Bloomberg) -- The Philippine Stock Exchange Index rose 27.58, or 0.7 percent, to 4,176.48 at the noon close in Manila, bring its gains for the week to 3 percent.

The following companies were among the most active in trading. Stock symbols are in parentheses.

A. Brown Co. (BRN PM), a property developer and palm oil miller, rose 1.4 percent to 2.85 pesos after distributing 62.5 million treasury shares as a dividend.

Jollibee Foods Corp. (JFC PM), the nation’s biggest fast-food company, rose 2.4 percent to 84 pesos. The company plans to open next year 10 outlets of the Caffe Ti-Amo coffee and gelato franchise it acquired this year, BusinessMirror reported Chairman Tony Tan Caktiong as saying.

Metro Pacific Investments Corp. (MPI PM), a water utility and toll-road company, rose 1.6 percent to 3.72 pesos. Its toll-road unit may hold a share sale and expand in the southern Philippines, BusinessWorld newspaper reported, citing Chairman Manuel Pangilinan.

To contact the reporter on this story: Francisco Alcuaz Jr. in Manila at falcuaz@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

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