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ABS-CBN loses P258.593Million

Johannus

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ABS-CBN Corp. lost P258.593 million in market capitalization on Monday, as its shares fell by 1.76% at the close of trading after government lawyers asked the Supreme Court to forfeit the company's legislative franchises. Shares of ABS-CBN plunged to P16.70 apiece, down by 30 centavos or 1.76% from P17.00 per share last Friday.

ABS-CBN Corp. lost P258.593 million in market capitalization on Monday, as its shares fell by 1.76% at the close of trading after government lawyers asked the Supreme Court to forfeit the company's legislative franchises.

Shares of ABS-CBN plunged to P16.70 apiece, down by 30 centavos or 1.76% from P17.00 per share last Friday.

In the process, the company lost P258.593 million of its market capitalization to P14.394 billion, down from P14.653 billion on Friday.

Sought for comment, Diversified Securities Inc. equity trader Aniceto Pangan said the drop could be attributed to the quo warranto filed against the company.

"It creates uncertainty on the part of the company if it cannot renew its franchise congressional approval," he explained in a text message.

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That Poppy

Forum Veteran
, Last edited:
Ngayon maganda mag invest ng stock sa ABS CBN yung down sila at mura ang share. pag naman bumawi yan kasama ka sa yayaman. pero risky lang lalo na sa current situation niya ngayon na di pa natin alam mangyayari pero I doubt it.
 

hanayaharvey1

Honorary Poster
Hindi ko napansin eto pala yung balita sa Channel 2. Taga-7, 11 at 5 ako eh. 😅
pareho tayo boss.. last day nakita ko YôùTùbé ng ABS-CBN ganda pa nga ng title ng YôùTùbé video nila. "Mundo na walang ABS-CBN"
ano sila sa tingin nila? eh lokal TV show lang sila dito sa pinas maka title sila na "Mundo na walang ABS-CBN":ROFLMAO: sila lang palabas sa buong mundo?
 

vbgra23

Addict
ang ganda bilhin nitong gantong presyo, may bad effect din to kay digong if matutuloy ang pagharang niya, so 50-50 pa din, pag tuluyan pang bumagsak stock price nito, all in na
 

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