Investors sell Megaworld shares on capex news
BusinessWorld May 10, 2021 | 12:01 am Outlier INVESTORS sold off Megaworld Corp. shares last week following news of the property developer’s decision to increase capital expenditures (capex) for the year. A total of 165.68 million Megaworld shares worth P508.98 million were traded from May 3 to 7, data from the Philippine Stock Exchange showed. The stock closed at P3.01 apiece on Friday, down 4.4% from the P3.15-per-share closing price a week ago. The stock has declined 28% since the start of the year. “Megaworld ended as one of the most actively traded stocks [last] week ...
Source: bworldonline.com