🔒 Closed ABS-CBN loses P258.593Million

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.

 

[B4CKSTREETS]

Its done na kaya sila ? Hmm

 

[monster_magnet]

mukhang ito na ata ang wakas ni cardo pagna tuloy to

 

[mang kanor 2]

ou nga ..magwawakas na si dalisay pag nagkataon

 

[RyzenV]

mukhang ito na ata ang wakas ni cardo pagna tuloy to

hahahah, siguro hahaha tagal na yang palabas na yan , di matapos tapos

 

[BARBIE - A i K A]

ahaha tapos na si cardo

 

[That Poppy]

Its natural na malaki mawala sa ABS CBN sa stock market. Hindi bumibili ang investor ng stock sa kalaban ng gobyerno. And investors are just following the market trend.

 

[Powered by Pancit Canton]

Malapit na ang katapusan ng oligarch owned
Network

 

[Delta India Charlie Kilo]

Next is yung mga mining and energy assets nila.

 

[Popsy31]

masyadong ng immortal si cardo , mukhang pinis na siya dto

 

[Chann83]

Wala talagang forever lahat may katapusan

 

[Keetsayantee]

dapat lang naman sunugin na ang bahay ng mga demonyong dilawan

 

[Pokiko Black]

pati bata ginamit ng mga dilawan masira lang ang pagkampanya ni digong nitong 2016
#YEStoABSCBNSHUTDOWN

 

[JC_05JJ]

Fundamentally Good ang company na ABS I think good for buyers to position in trading.

 

[rneworder]

aabngan ko mangyayari dito ilang buwan nalang

 

[master_khan]

dapat lang, haha

 

[wawei]

lipat sila tv5

 

[-KaeL-]

hnd nmn mawawala un abs cbn bka sguro kung mwala man un papalitan nlng sguro ung name ng cbn abs

tska sayang ung tv plus namen ha

 

[Bluew0lF]

Hay salamat buti nalang talaga at mawawala na

 

[NyduhPro]

Hindi ko napansin eto pala yung balita sa Channel 2. Taga-7, 11 at 5 ako eh.