GMA7 stock price jumps on first trading day



The Philippine stock market plunged by 1.5% today but shares of media network GMA (stock code: GMA7) jumped on its IPO debut.

Triggered by the big drops in the last two trading sessions in Wall Street, the main Philippine index ended 51.30 points lower at 3,467.46, but broadcaster GMA Network, Inc. rose 23.53% to close at 10.50 on its first trading day.

Join the discussions in these related topics in the PMT Forum:

About the Author

PSEi support seen at 6,200 and 6,000 amid weaker Peso

In a not-so-surprising move, the U.S. Federal Reserve (Fed) yesterday raised interest rates by 75 basis points (bps) or 0.75% in a bid to tame rising inflation in the United States. This was the third consecutive 0.75% rate hike by the Fed, which brings the federal funds rate, the central bank’s benchmark interest rate, to ... Read more

Official SWIFT Code of BDO, BPI, Metrobank, Philippine banks

When sending cash remittances or wire transfer to a bank account in the Philippines (such as BDO, BPI, Metrobank, Landbank, DBP, etc.), you’ll surely need the SWIFT Code of the bank. Look no further because you can find all the SWIFT Codes you need in this list! Make sure you’re using the right bank code ... Read more
blank

How to Waive your Credit Card Annual Fee (BDO, BPI, Metrobank, RCBC, Citibank, UnionBank)

Without a doubt, one of the most annoying fees that credit cardholders have to pay is the annual fee. Majority of cardholders are familiar with this fee and majority of us likely pay this grudgingly year after year after year. In the case of my credit card with BPI (Bank of the Philippine Islands), I’m ... Read more
blank

Why Filipinos do not become business owners or entrepreneurs

For a majority of Filipinos, entrepreneurship does not seem to be a typical, expected path. This is not surprising, considering that in school, students are primarily taught to become employees after graduation. Students train for years to become staff workers, reporting to a supervisor, and just waiting to receive their wages or salaries every month. ... Read more
blank

My experience investing in Mutual Funds in the Philippines

I started investing in mutual funds when I was 22 years old. As an Overseas Filipino Worker (OFW) then, I was fortunate to be able to save some money at that young age because of my work abroad. One time while I was on vacation in the Philippines, I saw a large billboard in EDSA ... Read more
blank

Income Tax Tables in the Philippines (2022)

The Philippines’ new tax reform bill, known as TRAIN or Tax Reform for Acceleration and Inclusion, was signed into law on December 19, 2017 and its implementation began on January 1, 2018. What are the new income tax rates under the TRAIN law? How will TRAIN affect income taxes of individuals and corporations? How is the ... Read more
blank

PSE Stocks Performance under each Philippine President (1987-2021)

Did you know that Philippine stocks were able to achieve an astounding growth of 800% in a span of 30 years? From 1987 until 2018, the Philippine Stock Exchange index (PSEi) rose from 1,000 points to a peak of 9,000 points — generating a return of 800% over 30 years. (The PSEi is an index ... Read more
blank

SSL 2022: Salary Increases for Teachers, Nurses, Gov’t Employees

Good news to all government employees! There’s a new round of salary increases beginning January 1, 2022! Millions of employees of the Philippine government — including public school teachers, nurses and staff of government hospitals, and workers in local and national government agencies, etc. — will be getting an automatic salary adjustment this 2022 under ... Read more
blank

PSE Trading Hours in 2022: What time open, when closed?

Before you take the plunge into stock trading and investing, make sure you understand what stocks are and how the Philippine Stock Exchange (PSE) operates. Unlike other investments that are relatively safe, stock trading is risky and loss of money is a possibility. So before you deep dive into the exciting world of stock trading, ... Read more

Price Floor and Price Ceiling of PSE Stocks

Trading bands in the PSE come in two forms: Price Ceiling, or the upper price limit, and Price Floor, or the lower price limit.

6 thoughts on “GMA7 stock price jumps on first trading day”

  1. Hi i have no knowledge of this stock thing at all and im trying hard to understand how it goes but it’s all alien to me. I would like to buy some stocks with GMA7 but im afraid that i will be throwing good money if ever i loose to this stock thing. Can anyone help me understand the risk of this stock buying? I heard it would be a good investment. Maybe anyone can email me a reply. I would really appreciate your time. Please help.

    Thanks

    Reply
    • Dont bother to buy GMA stocks…that company is seen to contract especially with new competition from tv5…I advise to sell GMA and ABS stocks because these companies are expected to post profit drops in the coming years …courtesy of TV5

      Reply
  2. @George, we have a discussion forum here specific to Stock Trading.

    Investing in stocks is really risky because the prices are volatile and can change in a matter of seconds. Timing of entry and the actual entry price are of the essence.

    If you don’t want to trade yourself, get a stock broker to do it for you. Visit the PSE website for a list of authorized brokers in the country.

    Reply
  3. Magandang Araw po Ninong Manny! Pagpalain po kayo ni Yahweh Elshadai sa araw-araw na tinatahak nyo sa buhay at lola na po ang inyong buong Pamilya. God shall bless us all! All the way…
    Ninong Manny, gusto ko pong sumali sa programa nyo. Ako po si Jasmin Talento 35 yrs old, taga Imus Cavite. Meron na po akong tatlo anak. Ang panganay ko po ay grde 1 at ang pangalawa ay prep, ang bunso ko po ang higit na nangangaailangan ng atensiyon. Dahil po naipanganak ko po cya na may problema sa puso. Especial Child po ang pangatlong anak ko Ninong. Nakalabas dw po ang ugat ng puso nya, at kailangan dw po ng operasyon. Sabi po ng Doctor para maalis ang ugat na hindi makasama nang magsara ang puso nya.Kaya po talagang ingatan sya na hindi mahawa ng sipon at ubo dahil po mahina ang puso nya. Last year po nagkaroon sya ng polmonia at na confine sya ng isang buwan at muntik na po sya mamatay. Nakasurvive namn po sya, pero napakamahal ng mga gamot nya, at lalo po kami nabaon sa mga utang. Ninong ang asawa ko po ay OFW po sa SAUDI pero napakaliit lang po ng sahod nya at di po sapat para sa pangangailangan namin. Ang bahay din po namin Ninong hinuhulogan pa namin buwan2x, minsan po 6 months kami hindi makapagbayad dahil po sa pagpagamot ko kay bunso. Kaya gusto ko rin po sumali Ninong para manalo at magkaroon ng Puhunan. Na kahit andito lang po ako sa bahay meron din akong mapagkakakitaan. Sa ngayon po 2 yrs old p lng po ang bunso ko at napakapayat nya po. kasi minsa ko lng din po sya mabilhan ng maayos na gatas at vitamins. Pinag kasya2x ko lng po ang padala ng asawa ko. Ninong gusto ko po matulongan sa Financial na panggastos sa araw2x ang asawa ko. At para din po makapag-ipon n rin po ako para sa operasyon ng bunso namin.
    Pasalamat po talaga ako sa inyo at kay Yahweh Elshadai dahil kayo po ang gagamitin nya para matupad ang Prayer Request ko. Dati po me nag offer ng tulong sa akin, friend ng nanay ko. Pinagawa nya ang harap ng bahay namin, masaya na po sana ako dahil akala ko hulog ng langit sa amin. Naglagay pa sya ng grocery dito at ako ang pinapamahala nya. Ng operate kami ng two months lang. dahil hindi ko po nagustuhan ang sistema nya, masyado po mataas ang expectation nya sa income. At hindi ko kaya maabot iyon at wala po considerasyon, ayaw nya nagpapasahod. Gusto nya sya lang ang ipaghanapbuhay ko.Kaya po ngpasyal ako na ipull-out lahat ng paninda nya. Ang problema lng po yon napagawa nyasa tindahan sa harap ng bahay namin nakagastos dw po sya ng 60,000 at pinapabayaran nya sa amin. Kaya po lalong lumaki problema ko.
    Ninong Manny humihingi na po talaga ako ng tulong sa inyon na magkaroon nlng ako ng Kapital sa tindahan para po mapalago ko ito at mabayaran ko na lng po sya kahit papaano.Pagbutihan ko po talaga na mapaunlad ang biyaya na ibibigay nyo sa amin. 

    Maraming, maraming salamat po talaga at Praise God po sa pagbasa nyo. More Power and God bless us all to your program. God shall bless You more!!!

                                                  UMAASA,
                                                  Mrs, Jasmin Talento
                                                  Block1 Lot59 Lancaster
                                                  Subd. AlapanII-A Imus 
                                                  Cavite. # 0920-3734908

    Reply
  4. Hi, the first letter was sent to my billing address, not my shipping address. I do not know if it is just me or other persons had this difficulty but I just planned to let you guys know. It was definitely disappointing not getting the letter where I’m ideal now!

    Reply

Leave a Comment