Quick takes from around the market
SPC Power [SPC 14.72 susp] [link] suspension lifted this morning at 10:30am after it provided substantial disclosure about its purchase of a controlling stake in STEAG State Power Inc for USD $52 million.
Fruitas [FRUIT 1.24 0.81%] [link] clarified that a BusinessWorld article about the Balai Ni Fruitas [BALAI 0.75 pre-SEC] was taken from BALAI’s prospectus, that the timing of the IPO is subject to approvals from the SEC and PSE, and that mentioning this doesn’t constitute an offer to sell BALAI shares. Okaaaaay. Noted.
SM Investments [SM 860.00 6.62%] [link] dropped over 6% yesterday because it was dropped from the FTSE Global Asia Pacific Index. This caused (and will continue to cause) significant “out-flows” (selling out of SM), and may continue to provide downward price pressure over the next few days.
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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.
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