GMA shares jump 10% as ABS-CBN denied of franchise

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GMA Network gains almost P2.1 billion in market capitalization. Meanwhile, the Philippine Stock Exchange suspends trading of ABS-CBN shares.

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Shares of GMA even soared by over 40% intraday, hitting a new 52-week high of P8.50. Volume reached over 69.3 million.The price of GMA Holdings, where foreigners can invest in Philippine Depositary Receipts, went up as high as P6.30 from the P5.32 last Friday, July 10, but lost 0.2% at closing.

Under the PSE's disclosure rules, ABS-CBN has to submit a detailed report on the impact of the non-renewal of its legislative franchise on the business, financial condition, and operations.

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Not supporting GMA as they were mostly silent. I boycott GMA.

GMA7 was already stonking as early as July 7 as it trended upwards in anticipation of the fate of its rival

😡

BAWING BAWI SA PAGBABAYAD NG TAMANG BUWIS - GOOGLE PSE

Way to go GMA!

WELL .... Goya CEO Robert Unanue is SPAIN-BORN EUROPEAN Hispanic ....DONT get it TWISTED!

Glad to see the government turning an industry into a monopoly during a pandemic.

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Luis Manzano lauds mom Vilma Santos amid ABS-CBN franchise denialActor and television host Luis Manzano shared that he is proud of his mother, Batangas 6th District Rep. Vilma Santos, who was among the few who voted in favor of renewing ABS-CBN&039;s IBiongINQ IBiongINQ Pero yes sa terror law. IBiongINQ Of course YES ang vote nya. No need to state the reasons. Now, ABS CBN are saying na BIAS ang mga nag vote for Non renewal.
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Gretchen Barretto disowns Twitter account: 'I have not made a single statement on ABS-CBN'Gretchen Barretto has never been shy with her support for Duterte, as she recently disowned a Twitter account tweeting against the President. nalalaos lahat ng bagay... remember that She has always been proud with all her achievements in life 🤷‍♂️ Drawing hate against Greta ? 🤡
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Robredo calls on Filipinos: Mark those who shut down ABS-CBNMANILA, Philippines — After ABS-CBN’s application for a new franchise was again denied by the House of Representatives, Vice President Leni Robredo had some advice for Filipinos frustrated by the True dahil sa susunod na eleksyon Wala na ang mga yan. Goodbye na silang lahat. We need young and fresh mind politicians like Vico Sotto as an example. Those life term politicians needs to retire they are swamp that needs to be drained in the government. Ke aga aga manira at mangampanya netong si madam mema if these assholes are willing to SHUT OUT anyones livelihood.. just to please the chiefasshole
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House's ABS-CBN franchise decision 'not in line' with evidence presentedSEVERAL legislators have expressed dismay over the House of Representatives&39; decision to junk the bills seeking to provide ABS-CBN a new...
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House committee denies ABS-CBN a new franchiseOkay. So sariwain din natin yung pang-aabuso ng RCC sa mga Pilipino noon pang panahon ng mga Kastila hanggang sa mga pedophile priests ngayon. Yeah ba! Eh Yong INC Di ba walang statement? Hahahahaha NOISE BARRAGE at 7pm, JULY 11, NATIONWIDE in support of the ABS-CBN WORKERS AND SALUTE TO THE BRAVE 11, AND SHAME TO THE PUPPETS OF DU30 IN CONGRESS! TAMA NA, SOBRA NA!! Pass around!
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