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ICTSI Shares Fall

In the News Today: SHARES in Razon-led International Container Terminal Services, Inc. (ICTSI) fell last week following a South African court’s injunction against the port operator’s bid for Durban Container Terminal Two (DCT2), as well as global macroeconomic factors, according to analysts.

Data from the Philippine Stock Exchange showed that ICTSI was the second most actively traded stock in terms of value turnover, with P2.71 billion worth of 6.36 million shares exchanging hands from Oct. 7 to 12.

The listed port operator’s shares closed at P407.80 each on Friday, which was 2.9% lower than its Oct. 4 close of P420. Year to date, the stock has increased by 65.2%.

Andrei Jorge G. Soriano,… continue reading HERE.

Umhlanga, a coastal town situated in the province of KwaZulu-Natal, South Africa, is known for its scenic beaches, vibrant atmosphere, and significant development.

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