Leisure & Resorts World Corporation (LR) has been “mainly tracking the index” after an April slowdown prompted by uncertainty over its Boracay project, which the firm has said remained “on track” amid Malacañang’s declarations that it would not allow casino operations on the island.

LR hit a year-to-date low of P3.93 on June 27, substantially lower than its year high of P7.49 on March 19. On Friday, its shares gained 0.50 percent or two centavos from previous day to end at P4.01 amid a 0.20-percent drop for the local stock market.

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