The debate continues on the extent of the damage the flood control mess has inflicted on the market value of listed companies, with estimates of the loss ranging from a low of ₱185 billion to a high of ₱5 trillion. Admittedly, regardless of the exact figure, the anomalies plaguing the...
The Philippine Stock Exchange index (PSEi) was almost unchanged on Thursday, Oct. 16, after late selling erased the day’s gain as investors locked in profits while waiting for the start of the third-quarter earnings season. The main index shed just 0.43 points, or 0.01 percent, to close at...
The Philippine Stock Exchange index (PSEi) rose for a third straight session as investor sentiment improved amid a firmer peso and prospects for further central bank interest-rate cuts. The main index, or PSEi, added 17.88 points, or 0.29 percent, to close at 6,094.10 on Wednesday, Oct. 15,...
The Philippine Stock Exchange index (PSEi) gained ground, boosted by easing United States-China trade tensions and investor anticipation of more rate cuts from the Bangko Sentral ng Pilipinas (BSP). The main index rose 23.89 points (0.39 percent) to finish at 6,076.22 on Tuesday, Oct. 13. The...
The Philippine Stock Exchange (PSE) has approved the voluntary trading suspension sought by Asiabest Group International Inc. (ABG) in response to shareholder calls for transparency and to avoid speculation while awaiting the final appraisals of assets to be infused into the company. “The...
The Philippine Stock Exchange index (PSEi) rose on Monday, Oct. 13, after investors picked up bargains as treasury yields dropped while the peso firmed up. The main index added 14.54 points, or 0.24 percent, to close at 6,052.33 on the strength of the services and mining sectors, as most of the...
In response to a social media post by what it calls a “pseudo-expert,” the Philippine Stock Exchange (PSE) has released official figures “to set the record straight once and for all on the true and correct market capitalization (MCAP) data of the listed companies.” It noted that, “A post...
The initial public offering of Maynilad Water Services Inc. is expected to proceed this month after the firm has secured commitments from cornerstone investors who will take up over half of the offered shares. On the sidelines of the 57th Finex Annual Conference, Maynilad Chairman Manuel V....
The Philippine Stock Exchange index (PSEi) dropped on Friday, Oct. 10, despite the Bangko Sentral ng Pilipinas ’ (BSP) policy rate cut as investor sentiment continued to be dampened by the flood control corruption scandal, weak peso, and lower foreign direct investments (FDIs). The main index...
Securities and Exchange Commission (SEC) Chairman Francis E. Lim expressed regret over his claim that the local stock market lost ₱1.7 trillion in market capitalization due to the corruption scandal, which turned out to be fictitious. “The information, which had been circulating within business...
The Philippine Stock Exchange index (PSEi) pulled back on profit-taking before the Bangko Sentral ng Pilipinas announced a rate cut at the close of trading hours. The main index lost 41.34 points or 0.68 percent to close at 6,057.40 on Thursday, Oct. 9, although sectoral indices were equally split....
The local stock market improved on sustained bargain-hunting as investor sentiment was lifted by encouraging employment data. The main index added 14.91 points, or 0.25 percent, to close at 6,098.74 on Wednesday, Oct. 8. Miners led the advance, while Banks and Property counters offset gains. A...
