ABS-CBN shares hit 52-wk low on frozen franchise bill

Jun 17, 2019 12:05 am

SHARES of ABS-CBN Corp. slumped to a new 52-week low last week following news that a bill aimed at renewing its legislative franchise did not make it through the 17th Congress.

The listed media conglomerate’s stock price hit its lowest price of P16.80 last Friday before paring losses to end at P16.90.

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