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Philippine Equity Movers: BDO Unibank, Manila Jockey Club

March 23 (Bloomberg) -- Shares of the following companies had unusual moves in Philippine trading. Stock symbols are in parentheses and prices are as of the close in Manila.

The Philippine Stock Exchange Index fell less than 0.1 percent to 5,042.44. The gauge declined 2 percent this week, its biggest drop since the week ended Sept 23.

BDO Unibank Inc. (BDO PM), the nation’s biggest bank by assets, rose 1.2 percent to 66.80 pesos, ending a four-day slide. The bank said it will pay a stock dividend equivalent to 3 percent of its outstanding shares.

Manila Jockey Club Inc. (MJC PM) advanced 1.4 percent to 1.48 pesos, trimming a weekly loss. The company said it signed a joint-venture agreement with GMA New Media Inc. to operate and manage a betting system for horse racing and other sports.

To contact the reporter on this story: Ian Sayson in Manila at isayson@bloomberg.net

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

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