Brazil entry, player protection program lift DigiPlus shares

DIGIPLUS Interactive Corp. rose last week on updates about its overseas expansion and player protection initiative.

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DigiPlus was the eighth-most actively traded stock at the Philippine Stock Exchange (PSE), with P1.22 billion worth of 55.40 million shares traded from Sept. 15 to 19.

Shares in the Tanco-led company closed at P23.65 apiece on Friday, up 18.8% from P19.90 a week earlier. The services index gained 5.1%, while the benchmark PSE index rose 2.5%.

Year to date, DigiPlus shares were down 12.9%. The PSE index fell 4% in the same period, while the services index grew 8.9% year on year.

The jump in DigiPlus' share price was significantly influenced by news of its plan to diversify into traditional casinos and upcoming operations in Brazil, Jash Matthew M. Baylon, equity analyst at The First Resources Management and Securities Corp., said in a Viber message.