Quick takes from around the market

Citystate Savings Bank [CSB 8.40] [link] disclosed that over 25 million shares held in lock-up after a private placement have already been released and have already been tradeable on the market since February 3. Whoops! No big deal; trading volume doesn’t seem to have budged from “next to nothing”.

Robinsons Retail [RRHI 57.20 3.91%] [link] extends share buy-back program another year, and tops up account with P1 billion for additional purchases. RRHI has bought P3.8 billion worth of its own stock over the past two years, and with this top-up, will have approximately P1.2 billion of budget for additional buy-backs.

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Merkado Barkada's opinions are provided for informational purposes only, and should not be considered a recommendation to buy or sell any particular stock. These daily articles are not updated with new information, so each investor must do his or her own due diligence before trading, as the facts and figures in each particular article may have changed.