ABS-CBN Corp. shares shed 7.2 percent yesterday at P16.24 per share from P17.50 per shares on its last trading day on May 5 and after more than a week of trading suspension.
A total of P65.57 million worth of shares changed hands at yesterday’s trading that followed the company’s release of a comprehensive report on the impact of the closure order after its free-to-air broadcasting franchise expired.
Share prices at the Philippine Stock Exchange (PSE) ended lower Monday as investors tracked overseas leads.
The PSE index (PSEi) was down 62.69 points to 5,479.35, a 1.13 percent drop.
The broader all shares index was down 31.11 points to 3,325.50, a 0.93 percent drop.
Losers edged gainers 141 to 56 with 32 stocks unchanged. Trading turnover reached P3.95 billion.
The peso closed at 50.90 to the dollar.
The currency opened at 50.70, hit a high 50.67 and a low of 50.915. Trading turnover reached $888.2 million.
Local shares suffered steep losses with data showing US April retail sales plunged more than forecasts and news the Trump administration will block shipments of semiconductors to China’s Huawei Technologies, stoking fears of renewed trade tensions. Most actively traded BDO Unibank Inc. was down P3 to P90. Pure Gold Price Club Inc. was down P0.50 to P45.50. Universal Robina Corp. was down P4 to P126. Ayala Land Inc. was down P0.65 to P31.35. Ayala Corp. was down P30 to P640. Metropolitan Bank and Trust Co. was down P1.45 to P34.05. SM Prime Holdings Inc. was up P0.80 to P29.80. SM Investments Corp. was up P1.50 to P803. Jollibee Foods Corp. was down P0.80 to P136.40. GT Capital Holdings Corp. was down P12 to P388.40.
