PSEi ends three-day climb as mart turns cautious bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
January 4, 2021 | 12:01 am Font Size
OUTLIER
AYALA-LED AC Energy Philippines, Inc. ended the year on a high note amid the sustained positive investor sentiments and following the company’s infusion of capital in its subsidiary to acquire potential project sites.
Data from the Philippine Stock Exchange (PSE) showed 123.14 million AC Energy shares worth P1.02 billion exchanged hands from Dec. 28 to 29, making it the second most actively traded stock in the last trading week of 2020.
Shares in the Ayala energy unit closed higher by 22.1% to P9.00 apiece from its P7.37 finish on Dec. 23, 2020. Compared with the first trading day last year, its latest share price has gone up almost four times.
Stock market operator targets 3 IPOs this year bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
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THE DECISION of the Philippine Stock Exchange (PSE) to tighten its rules on voluntary delisting has also given additional control to minority stakeholders, analysts said.
âThe PSEâs additional rules (on voluntary delisting) are enough and give extra protection to minority shareholders,â said AAA Southeast Equities, Inc. Research Head Christopher John Mangun in an e-mail interview.
On Dec. 21, the PSE released a memorandum confirming that the Securities and Exchange Commission (SEC) had approved changes to voluntary delisting rules.
âThe delisting must be approved by: a. At least two-thirds of the entire membership of the board, including the majority, but not less than two, of all of its independent directors; and b. Stockholders owning at least two-thirds of the total outstanding and listed shares of the listed company,â the PSE said in the memorandum.
December 23, 2020 | 5:36 pm Font Size
REUTERS
PHILIPPINE SHARES ended in positive territory on Wednesday to close the shortened trading week ahead of Christmas despite the return of travel restrictions due to the new coronavirus disease 2019 (COVID-19) strain.
The bellwether Philippine Stock Exchange index (PSEi) improved by 1.99 points or 0.02% to close at 7,204.38, while the broader all shares index rose 4.31 points or 0.1% to end at 4,294.45.
Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a mobile phone message that the market closed higher ahead of the holiday despite the return of lockdowns and travel bans due to a newly discovered COVID-19 strain.