GOVERNMENT SERVICE INSURANCE SYSTEM WINSTON GARCIA

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                    [Title] => PhilNaRe stocks jump 18% on listing despite bearish market
                    [Summary] => 





The National Reinsurance Corp. of the Philippines (PhilNaRe), the second company to list on the stock exchange this year, rose 18 percent on its trading debut yesterday despite a bearish market. 


PhilNaRe, the country’s largest reinsurance company, opened and closed at P4.50 per share or 70 centavos higher than its initial public offering (IPO) price of P3.80 each. It went up by as much as 31.6 percent to P5 in intraday trades before closing at P4.50. Volume traded reached 179.76 million shares. 


                    [DatePublished] => 2007-04-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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PhilNaRe stocks jump 18% on listing despite bearish market

By Zinnia B. Dela Peña | April 28, 2007 - 12:00am

The National Reinsurance Corp. of the Philippines (PhilNaRe), the second company to list on the stock exchange this year, rose 18 percent on its trading debut yesterday despite a bearish market. PhilNaRe,...

Business