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NEWS OF Robinsons Retail Holdings, Inc.’s (RRHI) plans to exit from the fashion business and instead focus on pet care, health, and beauty products made the company one of the most actively traded stocks last week.
INVESTORS bought Megaworld Corp. shares last week given the company’s attractive growth prospects amid its aggressive expansion plans and its insulation from the moratorium on the economic zone development in Metro Manila that would put Information Technology and Business Process Management (IT-BPM) projects on hold.
DEVELOPMENTS on new telecommunications player Mislatel consortium and hopes on the backdoor listing of Dennis Uy’s Udenna Corp. through ISM Communications Corp. (ISM) made the latter one of the most actively traded stocks last week.
INVESTORS snapped up shares of International Container Terminal Services, Inc. (ICTSI) on news its subsidiary in Croatia has started a year-long expansion of its terminal at the Port of Rijeka to accommodate larger vessels.
THE NEWS on Security Bank Corp. receiving regulatory approval to issue up to P20 billion worth of long-term negotiable certificates of time deposits (LTNCDs) last Tuesday drew interest for some investors, but it was heavily offset by the sell-off of Philippine equities that day following the performance of the Nasdaq index that drove market sentiment at home.
A TUG of war between buyers and sellers last Tuesday, followed by net buying at the latter part of the week on news of an Aboitiz Equity Ventures, Inc. (AEV) subsidiary’s full acquisition of a Singapore-based animal feeds maker company drove the stock’s trading activity last week.
INVESTORS bought Globe Telecom, Inc. shares last week following the company’s announcement it will continue to partner with Huawei Technologies Co. Ltd. despite the United States placing the Chinese tech giant on a trade blacklist.
AYALA LAND, Inc. (ALI) was one of the most actively traded stocks last week following the easing in monetary policy as well as traders speculating on the timing of the company’s plans to conduct a real estate investment trust (REIT) listing on the stock exchange this year.
INVESTORS bought PLDT, Inc. shares last week given the attractiveness of the company’s growth prospects.
AYALA CORP. (AC) was the sixth most actively traded stock in the Philippine Stock Exchange last week with analysts attributing the movement to the disclosure of the company’s expansion plans.
EXPECTATIONS of better earnings this year led San Miguel Food and Beverage, Inc. (SMFB) shares to be among the most active last week.
INVESTOR concerns on Jollibee Food Corp.’s profitability for the first half of the year made the company’s stock one of the most actively traded last week.
NEWS of Cemex Holdings Philippines, Inc.’s plans to more than triple its authorized capital stock as part of efforts to raise funds through a potential stock rights offering (SRO) made the Cemex stock one of the most actively traded last week.
FOREIGNERS LOADED on Robinsons Land Corp. (RLC) shares, making it one of the most actively traded stocks in the local bourse last week.
INVESTORS continued to take positions on PLDT, Inc. stock last week following the release of the company’s annual earnings results early this month.
BETTER-THAN-EXPECTED earnings and renewed investor interest made the Metro Pacific Investments Corp. (MPIC) stock one of the most actively traded last week.
MEGAWIDE CONSTRUCTION Corp. was one of the most actively traded stocks in the Philippine Stock Exchange last week on account of the attractiveness of the company’s future growth prospects according to analysts.
INTERNATIONAL CONTAINER Terminal Services, Inc. (ICTSI) was one of the most actively traded stocks in the Philippine Stock Exchange (PSE) last week with analysts pointing to ICTSI Chairman Enrique K. Razon, Jr.’s interest in taking over a bankrupt Subic-based shipbuilder, the company’s expansion plans abroad, and the rebalancing of a global equity index that increased the stock’s weight as driving factors.
BLOOMBERRY RESORTS Corp. was the second most actively traded stock last week following the announcement that it will be included in the 30-member Philippine Stock Exchange index (PSEi) starting today (Feb. 18).
INVESTORS SNAPPED up Ayala Land, Inc. (ALI) shares last week following the disclosure of the developer’s plans to consolidate its interest in Prime Orion Philippines, Inc. (POPI) through Laguna Technopark, Inc. (LTI).
PROSPECTS OF SM Prime Holdings, Inc.’s reclamation projects in Manila Bay were dimmed by the government’s planned rehabilitation efforts there, making it the most actively traded issue on the market last week.
FOREIGNERS loaded up on Jollibee Foods Corp. shares, making it one of the most actively traded stocks in the local bourse last week.
INVESTORS loaded up on Dennis A. Uy-led ISM Communications Corp. last week after the consortium formed by China Telecommunications Corp. and Mr. Uy’s companies Udenna Corp. and Chelsea Logistics Holding Corp. was named as provisional winner in the government’s search for the country’s third major telecommunications service provider.
NEWS of Security Bank Corp.’s (SECB) fund-raising via its five-year fixed rate note facility, coupled with the ongoing weakness from the banking industry in general, made it one of the most actively traded stocks last week.