Cebu Pacific
Cebu Air dropped 38% to close at P58 each on Tuesday. Citing a representative of the brokerage firm that executed the trade, Bloomberg reported that the slump was caused by “a trader error.”
File
Cebu Air shares spike 50% in morning trade, takes off from sharp slump
(Philstar.com) - July 10, 2019 - 11:43am

MANILA, Philippines — Shares of Cebu Air, Inc. jumped Wednesday to hit the ceiling price in the morning trade, recovering from a sharp drop reportedly caused by a trading error.

Shares of the Philippines’ largest budget carrier climbed P29 or 50% to P87 apiece Wednesday morning.

Cebu Air dropped 38% to close at P58 each on Tuesday. Citing a representative of the brokerage firm that executed the trade, Bloomberg reported that the slump was caused by “a trader error.”

Bloomberg added that “[t]he order happened during the Philippine Stock Exchange’s no-cancel period at the end of the day.” — Ian Nicolas Cigaral

CEBU AIR INC.
Philstar
  • Latest
  • Trending
Latest
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

SIGN IN
or sign in with