GMA shares rise, but rally seen as ‘unsustainable’

By Lisbet K. Esmael

May 07, 2020 12:42 am

This June 2015 photo shows the top of the GMA Network Center in Quezon City. (Photo by Patrick Roque via Wikimedia Commons)

A day after its main competitor was forced to go off the air, GMA Network Inc. saw its stocks surge by more than 20 percent, but analysts doubt the broadcaster would be able to sustain the growth.

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