Shares of food maker Monde Nissin Corp. began trading on the Philippine Stock Exchange (PSE) on Tuesday after its completion of an initial public offering (IPO), deemed as the largest in the country’s history.
By TED CORDERO, GMA News
Published April 8, 2021 7:49pm Share prices on the Philippine Stock Exchange snapped a three-day winning streak on Thursday as investors pocketed gains from previous sessions ahead of the long weekend. The bellwether PSEi shed 106.54 points or 1.60% to 6,545.17 at the closing bell. The broader All Shares lost 46.30 points or 1.14% to 3,998.64. “The PSEi slipped today as investors took profits ahead of the Araw ng Kagitingan holiday,” Unicapital Securities equity analyst Christopher San Pedro said. Financial markets will be closed on Friday, April 9, the National Day of Valor a regular holiday. “Investors remained cautious as they await the announcement of the new quarantine restrictions in NCR Plus bubble. The IATF is expected to come up with a final decision on Saturday,” San Pedro said.