Did Pacquiao decision boost GMA 7′s stock prices?



Or at least that’s according to analysts interviewed by GMANews.TV regarding its parent company’s share price hike during Monday’s trading at the Philippine Stock Exchange (PSE).

This was two days after Filipino boxing champion Manny Pacquiao decided to honor his contract with Solar Entertainment, thereby allowing GMA Network Inc. to air his fight and earn from advertising.

On Monday, GMA Network Inc.’s stock price rose three percent to P3.80 from Friday’s price of P3.70, a rise that was perhaps fueled by Pacquiao’s decision to comply with his contract.

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