Friday, May 23, 2014

Double Dragon DD moves up again

DD
Double Dragon DD moves up 7.65% and this May 23 it is now priced at 9.85.  Cheers to DD holders again!  Will DD reach the 10 pesos mark next week?


COAL
COAL  recovers some of its losses yesterday. COAL was up by 3.50% this May 23


BDO 
BDO stock price increase is hard to miss because it has an extreme 2.87% increase among the top traded stocks. Is this increase related to the story that BDO bank scouts for more acquisitions?

PSE
Overall, the PSEi didn't move much today. The index is almost unchanged with its -.28% movement.

MA
I saw a stock rights offering (1 Right Share for every 3.56 common shares of MA/MAB.. This is priced at  0.012 per share) of Manila Mining (MA) and today I also found a 5 percent decrease with this stock.  Is this the normal reaction when there is stocks rights offering?
I dont know and I don't know why companies are offering stock rights offering.  I'll search for the reason next week.


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