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SEC files criminal complaint vs Abra Mining philstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from philstar.com Daily Mail and Mail on Sunday newspapers.
PSE adds seven to list of Shari'ah-compliant firms, five bumped off 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.
March 11, 2021 | 1:14 pm Font Size AAA Daily trading in Philippine equities, Asia-Pacific’s second-worst performer this year with a 4.6% loss, has plunged from a record after the bourse suspended its most active stock Abra Mining & Industrial Corp. Shares of unprofitable Abra Mining were suspended indefinitely amid a probe by the exchange and the regulator for alleged violations that include trading of unissued and unlisted company stock. The halt, since March 4, will last until the infractions are resolved, the bourse said. While Abra Mining comprised 77% of the market’s daily transactions this year before the suspension, appetite for other smaller and speculative equities that had skyrocketed amid a buying frenzy by individual investors has also been quelled by the trading halt. ....
MANILA, Feb 15, (Bloomberg): Philippine investors are shifting into small, lesser-known names in a stock market that ranked as the world’s worst performer last month. Demand has waned for the 30 component shares of the Philippine Stock Exchange Index, which includes giants like SM Investments Corp. and Ayala Land Inc., amid an uncertain economic recovery, the ongoing pandemic and a flight of foreign funds. The PSEi tumbled 7.4% in January, the worst performance among global equity benchmarks. The slump in large caps pushed investors to take a chance on riskier small caps, said Fitz Aclan, who helps manage about $520 million as chief investment officer at United Coconut Planters Bank. ....
Gold mine sums up newfound appreciation of PHL small caps 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.