1 week Megawide shares up on railway project Manilatimes |Biz
The plan to raise capital and the formal start of the Malolos-Clark Railway Project (MCRP) boosted the sentiment towards the shares of Megawide Construction Corp. last week. The shares of the listed engineering and infrastructure firm climbed 35 centavos or 5.10 percent to close at P7.21 apiece on Friday amid the 0.19-percent dip of the benchmark Philippine Stock Exchange index. This also prompted Megawide’s shares to improve by 2.27 percent week-on-week. Philstocks Financial Inc. research associate Piper Chaucer Tan told The Manila Times that the company’s recent announcement of capital raising and the signing of the MCRP Package 1 ... more