Metrobank shares pick up after three-day slump
The share value of Metropolitan Bank & Trust Co. has slightly picked up after suffering a three-day losing streak.
Metrobank’s shares closed at P77.45 a piece on Wednesday, November 3, 2016, up by 32% or 25 centavo from P77.20 on Tuesday’sclosing.
The share value of the George Ty-led bank was on a downhill for the past three trading days since October 27 when it closed at P85.20 a piece from P87.20 on October 26.
The share price declined further to P81.30 a piece on October 28 before the Philippine Stock Exchange (PSE) went on a four-day trading break for the All Soul’s Day.
The upset continued on the resumption of the trading session on November 2, wherein Metrobank’s shares declined to P77.20.
Metrobank has 3.18 billion outstanding shares up for grab in the market.