Some quick takes from around the marketABS-CBN [ABS 14.26 1.42%] sold off ~21.3 million treasury shares and ~11.5 million PDRs at P15.23 per share/PDR, to raise around P500 million for the company. SPNEC actually touched the P2.00/share mark earlier in yesterday’s session, but retreated a bit toward the end. Over the past 25 trading days, SPNEC has gone for as low as P0.76 and as high as P2.00. Yesterday’s session low as P1.40/share, so we’ll have to see if the selling pressure continues to push the price lower, or if P1.40 is something of a temporary bottom. Merkado Barkada's opinions are provided for informational purposes only, and should not be considered a recommendation to buy or sell any particular stock.

Source: Philippine Star January 25, 2022 13:10 UTC