P20B worth of PLDT value wiped out in a day
pero sa tingin ko babawi din yan kaya wag muna kayo mag dump...CLOSE TO P20 billion worth of shareholder value in Philippine Long Distance Telephone Co. (PLDT) was wiped out in the stock market Wednesday as the company reeled from a downgrade by US-based investment bank Morgan Stanley.
The share price of the country's biggest publicly listed company plummeted 6.1 percent in frenetic trading on the Philippine Stock Exchange, ending at P1,680 apiece from Tuesday's close of P1,790 -- a drop of P110 per share.
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February 9th, 2006 11:13 AM #1Last edited by Steeljack; February 9th, 2006 at 11:15 AM.
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