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December 28, 2020 | 12:01 am Font Size
OUTLIER
DESPITE the lack of catalyst during last weekâs shortened trading, SM Prime Holdings, Inc. is expected by analysts to recover on the back of holiday spending as well as the gradual reopening of the economy.
A total of 26.73 million shares worth P1.022 billion were traded from Dec. 21 to 23, making SM Prime the third most actively traded issue last week, data from the Philippine Stock Exchange showed.
Financial markets were closed on Dec. 24 and 25 in observance of the Christmas holidays.
Shares in the Sy-led property developer inched up by 1.7% to P38.55 apiece last Wednesday from the P37.90 finish last Dec. 18. The stock has risen by 67.6% since the start of the year.
BusinessWorld
December 14, 2020 | 12:01 am
YIELD TRACKER
YIELDS ON government securities (GS) ended flat on Friday from week-ago levels amid a lack of fresh leads that would spur demand for debt papers.
GS yields fell by 1.9 basis points (bps) on average week on week, based on the PHP Bloomberg Valuation (BVAL) Service Reference Rates as of Dec. 11 published on the Philippine Dealing System’s website.
“The overall condition of the market currently is that it’s waiting for more catalysts before it really swings,” said Security Bank Corp. Chief Investment Officer for Trust and Asset Management Group Noel S. Reyes in a telephone interview.