The local stock market made a strong bounce after a bout of profit-taking as the country’s economic outlook turns rosier. The main index jumped 96.12 points or 1.31 percent to close at 7,458.74 as Banks led the recovery while Miners lagged behind. Volume rose to 1.18 billion shares worth...
From left: ICD Chairman Pedro Maniego Jr., Philippine Stock Exchange Chief Operating Officer Roel Refran, Chinabank Chief Finance Officer Patrick Cheng and Independent Director Genaro Lapez, Securities and Exchange Commission Chairman & Chief Operating Officer Emilio Aquino, and ICD Vice...
The local stock market finally succumbed to profit-taking after rallying in the past week. The PSEi dropped 69.59 points or 0.94 percent to end at 7,362.62 as Banks led the retreat while Miners bucked the trend as gold prices rise. Volume remains robust at 1.07 billion shares worth P8.05 billion as...
The local stock market rose further but ofc the day’s high as already positive investor sentiment was boosted by gains in US bourses. The main index added 14.96 points or 0.20 percent to close at 7,432.21 as the Property sector led the advance while Conglomerates and Services lagged behind....
The Bangko Sentral ng Pilipinas' (BSP) monetary policy easing cycle is expected to extend until the first half of 2025, to slash the key interest rate to 4.75 percent, according to the think tank Capital Economics. "The central bank [BSP] cut interest rates at its August meeting. With growth set to...
Leading oil firm Petron Corporation has successfully raised P16.83 billion from its preferred shares offering, which was rated to have been 1.3 times oversubscribed versus initial target. “The proceeds from the offer will be used to redeem the company’s Series 3A Preferred Shares and fund...
The local stock market shrugged off profit-taking fears and shot up to the 7,400 level following the central bank’s announcement of a reduction in the reserve require ratio.
The local stock market continues to rally and was up by more than a hundred points to breach the 7,300 level intraday as investors grow more upbeat amid monetary policy changes that will release more money into the system. The main index rose by 50.16 points or 0.70 percent to close at 7,252.32 as...
The local stock market landed above the 7,200 level after the US Federal Reserve slashed interest rates as expected. The main index added 46.26 points or 0.65 percent to close at 7,202.16 led by the surge in Mining and Bank stocks with only Industrials declining. Volume jumped to 698 million shares...
Chinabank has made it in TIME World’s Best Companies of 2024, a ranking of the top 1,000 firms across the globe in terms of employee satisfaction, revenue growth, and ESG (environmental, social, and corporate governance) performance. This year's ranking, led by Apple, Accenture, and...
The local stock market closed lower on late profit-taking on heavyweights as investors continue to wait for word from the US Federal Reserve. The main index dropped 19.46 points or 0.27 percent to end at 7,155.90 with sectoral indices split. Volume dipped to 865 million worth P6.01 billion as...
The Securities and Exchange Commission (SEC) has revoked the corporate registration of Boracay Capital Holdings Inc. after it was found to be offering securities to the public without the necessary licenses from the Commission. In an order dated Sept. 4, 2024, the SEC Enforcement and Investor...
