Philippine Equity Movers: BDO Unibank, Manila Jockey Club
The Philippine Stock Exchange Index (PCOMP) 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) , 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) 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.
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