The local stock market declined following a new round of pump price hikes and a weaker peso. The main index dropped 48.75 points or 0.78 percent to close at 6,285.19 as losses were led by the Services sector while the Industrial and Mining and Oil counters managed to advance. Volume remained anemic...
The local stock market closed flat as investors wait for cues from US bourses and market-moving news. The PSEi eked out a gain of 2.38 points or 0.04 percent to close at 6,333.94 although only the Industrial and Holding Firms sectors advanced while the Property counter led decliners. Volume was...
Cosco Capital, Inc., the retail holding firm of businessman Lucio Co, is venturing into the construction and home depot business through a P500 million partnership with Siam Global House Public Company Limited of Thailand. In a disclosure to the Philippine Stock Exchange, Cosco said it has signed a...
Stocks take cue from US to resume slide Local share prices took their cues from the US and dropped again, to end one of the Philippine Stock Exchange Index’s (PSEi) worst week this year. The main index lost 61.45 points or 0.96 percent to close at 6,331.56 as Conglomerates led the retreat with...
The local stock market bounced after the announcement of an expected US rate hike and the growth in remittances. The main index rose 73.59 points or 1.16 percent to close at 6,393.01 with the Property sector leading the advance although the Services counter lagged behind. Volume declined to 647...
BDO Capital & Investment Corporation has bagged the Investment House of the Year Award from the Investment House Association of the Philippines (IHAP) for the fifth straight year. In a statement, the firm said it has consistent excellence in delivering best-in-class investment banking services...
DOH The Department of Health (DOH) clarified on Thursday, June 16, that Metro Manila remains under the low-risk classification for Covid-19 despite an uptick in new infections. In a statement, the state health agency “reiterates that NCR is still at low risk classification as of today, June 16,...
The local stock market resumed its slide on the back of losses in Wall Street as interest rates rise ahead of the US Federal Reserves’ monetary policy meeting. The main index fell 155.11 points or 2.40 percent to close at 6,319.42 as Conglomerates and Property firms led the retreat across the...
The Philippine Stock Exchange Index (PSEi) managed to recover from early losses to end its losing streak by posting a small gain as investors finally came in to pick up some bargains. The main index inched up 7.52 points or 0.12 percent to close at 6,474.53 although only the Holding Firms and...
Kickstarting venture capital investment with food tech If you’re anywhere in the Philippines around lunch time and haven’t yet had a bite to eat, you’ll likely receive an invitation from an unlikely source. Be it from a street vendor or even the security guard of an establishment already...
The local stock market continued to decline after news of a high US inflation rate sent share prices tumbling. The main index dropped 63.03 points or 0.97 percent to close at 6,467.01 with the Mining and Oil index leading the retreat across the board. Volume remained thin at 761 million shares...
The local stock market ended the week with a steep drop after US bourses fell on concern that the Fed may raise rates faster in reaction to high inflation. The PSEi’s loss kept mounting before closing lower by 228.55 points or 3.38 percent to close at 6,530.04 as the Property sector led the...
