Lucio Tan-led Philippine National Bank said its stockholders can expect to gain from its disposal of low-earning assets through their stake in PNB Holdings Corporation which will be listed at the Philippine Stock Exchange after being distributed as property dividends. At bank’s Annual...
Share prices rose marginally amid thin trades as some investors opted to pick up cheaper stocks. The main index gained 11.32 points or 0.18 percent to close at 6,389.38 with only the Industrial and Holding Firms counters retreating. Photo credit: (https://www.pse.com.ph/) Turnover was low at 4.51...
The Philippine Stock Exchange has approved the stock offerings of Monde Nissin Corporation and AC Energy Corporation which, combined, will raise up to P88.9 billion from the equities market in May. For its initial public offering (IPO), Monde Nissin Corporation will be raising up to P72.45 billion....
The local stock market dropped further as investors seek better opportunities in countries that are better at handling the pandemic. Photo credit: PSE file. The PSEi shed 23.86 points or 0.37 percent to close at 6,415.53 as all sub-indices fell across the board. Volume remained anemic...
The Securities and Exchange Commission (SEC) has approved the planned P72.45 billion initial public offering of food and beverage manufacturer Monde Nissin Corporation. In its April 20 meeting, the Commission En Banc resolved to render effective the registration statement of Monde Nissin...
The local stock market is seen to continue to be weighed down by concerns over the COVID-19 pandemic although upcoming annual stockholders’ meeting may also influence investors depending on the tone they set. “Next week, we still see a downward bias for the local market as pandemic worries are...
Local share prices weakened as new COVID cases remain high while the death rate is rising. The main index shed 26.53 points or 0.41 percent to close at 6,518.64 with only the Financials counter inching up. A total of 2.43 billion shares worth P5.97 billion changed hands as losers beat gainers 120...
The fate of the stock market this week is seen to hinge on whether or not the growth of new COVID-19 cases in the country is arrested and if the imposition of strict quarantine measures will be extended further. (Photo credit: https://www.pse.com.ph) “Investors are expected to take cues from our...
The Philippine Stock Exchange, Inc. (PSE) aims to get more companies to consider raising capital through an initial public offering (IPO) after it relaxed its listing rules. In a statement, the bourse said it has released its Amended Listing Rules which contain relaxed profitability and operating...
Share prices continued to rise ahead of the Bangko Sentral policy meeting and on the arrival of more vaccines. Photo credit: PSE Information Desk The PSEi jumped 83.99 points or 1.29 percent to close at 6,581.00 although the Financials sector retreated slightly. Volume was low though at...
The local stock market rose despite a weak start as investors continued bargain hunting. The PSEi gained 50.66 points or 0.79 percent to close at 6,497.01 with only the Mining and Oil counter in the red. Photo credit: (https://www.pse.com.ph/) Volume surged to 9.27 billion shares worth...
The local stock market plunged almost 200 points after government tightened lockdown measures while US bourses also weakened. The PSEI fell 194.75 points or 2.94 percent to close at 6,436.10 as share fell across the board. Volume rose to 3.53 billion shares worth P10.41 billion as losers beat...
