The Philippine Stock Exchange index (PSEi) dropped for the sixth straight session, breaking below the 6,000 level, as investors worried about the weak peso, the impact of corruption on infrastructure spending, and general weak investor confidence in the economy. The main index shed 29.52 points, or...
The Philippine Stock Exchange index (PSEi) dropped to the 6,000 level on Thursday, Sept. 25, weighed down by the continued weakness of the peso and investor caution amid ongoing Senate hearings on corruption allegations. The main index lost 66.44 points, or 1.09 percent, to close at 6,042.28. The...
The Philippine Stock Exchange index (PSEi) continued its descent as the peso weakened, with investors awaiting positive news amid a corruption scandal. The main index shed 9.82 points, or 0.16 percent, to close at 6,108.72 on Wednesday, Sept. 24, as the Property sector led the decline among all...
The Gokongwei Group’s property development arm, Robinsons Land Corp. (RLC), has raised ₱7.75 billion from the sale of one billion shares of RL Commercial REIT Inc. (RCR) to increase the real estate investment trust’s (REIT) public float. In a disclosure to the Philippine Stock Exchange (PSE),...
The local stock market ended the week at a high note as investor sentiment improved amid expectations of more rate cuts coupled with a steady credit rating for the Philippines. The main index added 30.87 points, or 0.5 percent, to close at 6,264.49 on Friday, Sept. 19. Sectoral indices were evenly...
The Philippine Stock Exchange index (PSEi) rose for the third straight day on Thursday, Sept. 18, after the United States Federal Reserve (US Fed) cut interest rates, as expected. The main index added 22.96 points, or 0.37 percent, to close at 6,233.62. Sector indices were evenly mixed, while...
The Philippine Stock Exchange index (PSEi) rose further on Wednesday, Sept. 17, on hopes that the Bangko Sentral ng Pilipinas (BSP) will slash rates further in tandem with the United States Federal Reserve (US Fed). The main index jumped by 61.92 points, or 1.01 percent, to close at 6,210.66. The...
The Philippine Stock Exchange index (PSEi) made a strong bounce on Tuesday, Sept. 16, as investors started bargain hunting, sparked by the possible inclusion of the Philippines in a JPMorgan bond index as well as the expected United States (US) rate cut. The main index surged by 91.31 points, or...
The Rizal Commercial Banking Corp. (RCBC) garnered four major accolades from leading regional and global award-giving bodies in recognition of its innovation, customer-centric solutions, and operational excellence. These awards include: Philippines Domestic Payroll Initiative of the Year at the...
The Philippine Stock Exchange index (PSEi) fell on Monday, Sept. 15, weighed down by weakening peso and growing concerns over protests against corrupt politicians, public officials, and contractors. The main index lost 51.78 points, or 0.85 percent, to close at 6,057.43. Banks led the retreat,...
The Philippine Stock Exchange index (PSEi) dipped on the last trading day of the week as the market continued to trade sideways despite lower-than-expected United States (US) inflation. The main index shed 17.68 points, or 0.29 percent, to close at 6,109.21 on Friday, Sept. 12. It was led by the...
The Philippine Stock Exchange index (PSEi) closed slightly higher Thursday, Sept. 11, as investors maintained a wait-and-see stance ahead of the US inflation report for August. The main index added 6.8 points, or 0.11 percent, to finish at 6,126.89. While the Banks and Services sectors advanced,...
