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DITO CME falls on poor investor sentiment despite third telco launch
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Metro Manila (CNN Philippines, March 8) Poor market sentiment due to spiking COVID-19 cases spilled over to DITO CME Holdings Corp., with its share price dropping by 8.79% despite the third telco player s commercial launch on Monday, analysts said.
Analysts told CNN Philippines DITO CME s trading was affected by a downward bias for the market, caused by the rising number of new COVID-19 infections. The Department of Health on Monday recorded another 3,356 people who contracted the coronavirus the fourth day in a row that the number of new patients surpassed 3,000.