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Index falls anew on concerns over vaccine rollout

Index falls anew on concerns over vaccine rollout
Iris Gonzales
© STAR/ File
Index falls anew on concerns over vaccine rollout
MANILA, Philippines The local stock market pared its losses, but stayed in negative territory yesterday as concerns over the slow rollout of the COVID-19 vaccine weighed down investor sentiment.
The benchmark Philippine Stock Exchange index (PSEi) closed at 7,242.85, down 15.26 points or 0.21 percent.
The broader All Shares index also slipped, declining by 2.83 points or 0.06 percent to end at 4,334.93.
Among the subsectors, only mining and oil and financials finished higher, with the rest closing in the red.
A total of P9.173 billion worth of shares changed hands yesterday, with advancers trumping losers, 131 to 105, while 37 issues were unchanged. ....

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Dennis Anthony H. Uy of CNVRG is not Dennis A. Uy of unlisted Udenna group – The Manila Times

Businessman Dennis Anthony H. Uy is from Pampanga and is not Dennis A. Uy (DAU) of Davao. He, not DAU, is a regular director (RD) of the seven-man board and owner of Converge Information and Communications Technology Solutions Inc. (CNVRG). He is also the company’s founder and chief executive officer (CEO).
His fellow RDs are Maria Grace Y. Uy, Francisco Ed Lim, and Saurabh N. Agarwal, according to the website of the Philippine Stock Exchange (PSE).
The same website names Jose Pamintuan de Jesus as chairman of the board. Aside from De Jesus who is one of three independent directors, the two others are Amando M. Tetangco Jr. and Roman Felipe S. Reyes. ....

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