Cebu Air Inc. slumped 38% in the last few minutes of trading and the volume of shares changing hands was below the three-month average.“It was a trader error,” a representative at Quality Investment & Securities Corp., which executed the trade, said by phone.
“Our brokerage wasn’t meaning to sell Cebu Air shares.” Cebu Air CEO Lance Gokongwei said earlier in a text message that the share price drop was likely a fat-finger trade.A spokesperson for the Philippine Stock Exchange declined to comment. Cebu Air, which last month ordered 31 Airbus SE aircraft worth $6.
UPDATE: Cebu Air gains 50% after recovering from ‘Fat Finger’ trading error
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trader's error causes Cebu Pacific shares to fall 38%From around P90 apiece, Cebu Pacific Air's stock price closed at just P58 – a wipeout of around P21 billion. Business
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Cosap mulls creation of Metro Cebu Anti-Drug Abuse CouncilCEBU CITY, Philippines — The Cebu City Office for Substance and Abuse Prevention (Cosap) is planning to spearhead the creation of the Metro Cebu Anti-Drug Abuse Council that will be composed of
Source: cebudailynews - 🏆 8. / 71 Read more »
PNPA cadets woo high school students in Cebu, 3 other CV areasCEBU CITY, Philippines -- Where can a Cebuano high school graduate go to school to become a well trained police officer with better opportunities in the police service after graduation? And how
Source: cebudailynews - 🏆 8. / 71 Read more »
PB OKs appointment of new Cebu Provincial AdministratorCEBU CITY, Philippines — The Provincial Board has concurred the appointment Noli Vincent Valencia as new Cebu Provincial Administrator. Valencia, who served in the Capitol’s Human Resources Management Office (HRMO) for 31 years, is coming out from his retirement to serve the new position. Valencia retired in 2015. The PB also approved in its regular […]
Source: cebudailynews - 🏆 8. / 71 Read more »
Elite Basketball Cebu: Cheetahs sprint to third successive victoryCebu City, Philippines—The Cheetahs outclassed the Raptors, 75-71, to remain undefeated in the Elite Basketball Club Cebu Season 15, last weekend at the Visayan Glass gym in Barangay
Source: cebudailynews - 🏆 8. / 71 Read more »
Old habits die hard: In Cebu, Gloria Arroyo walks out over political questionsEven retirement has not made the former president ease up on the kinds of questions the media can ask. InsideTrack Newsbreak
Source: rapplerdotcom - 🏆 4. / 86 Read more »