JFC shares fall after divesting stake in C-Joy Poultry Realty, MSCI rebalancing - BusinessWorld Online

JFC shares fall after divesting stake in C-Joy Poultry Realty, MSCI rebalancing - BusinessWorld Online

SHARES of Jollibee Foods Corp. (JFC) declined last week following the company’s announcement to sell its stake in the landlord of its poultry processing plant, coupled with the latest MSCI rebalancing. A total of 6.79 million JFC shares worth P1.57 billion were traded from May 26 to 30, making it the 11th-most actively traded stock last week, according to Philippine Stock Exchange (PSE) data. JFC shares dropped 8.2% to P223 per share last Friday…