Philippine equities continued to rally as investors bet on a rate cut announcement by the US Federal Reserve. The main index raced up 71.16 points or one percent to close at 7,175.36 as Conglomerates led the charge with only the Services counter lagging behind. Volume was strong at 713 million...
Abacore Capital Holdings, Inc. will be conducting its annual meeting of stockholders on October 17, 2024, 2024, Thursday, 3:00 p.m. via zoom video conferencing platform for online meetings hosted from the principal office in Milagrosa, Quezon City. A copy of the official announcement published...
The local stock market continued to strengthen and rose to the 7,100 level, boosted by the continued optimism about the local economy as well as by the higher US bourses last Friday. The main index jumped by 81.35 points or 1.16 percent to close at 7,104.20 with Miners and Banks leading the rally...
Abacore Capital Holdings, Inc. will be holding its annual meeting of stockholders on October 17, 2024, 2024, Thursday, 3:00 p.m. via zoom video conferencing platform for online meetings hosted from the principal office in Milagrosa, Quezon City. A copy of the official announcement published in...
Downward inflation augurs well for the Bangko Sentral ng Pilipinas' (BSP) monetary policy easing ahead of the US Federal Reserve, according to the think tank Capital Economics. In a Sept. 13 report, Capital Economics senior Asia economist Gareth Leather and assistant economist Harry Chambers noted...
The local stock market lost the day’s gains to end almost flat as some investors cashed out for the weekend. The main index shed 1.82 points or 0.03 percent to close at 7,022.85 with sectoral indices equally divided. Volume reached 695 million shares worth P5.41 billion as losers outnumbered...
After numerous failed attempts this year, the Philippine Stock Exchange’s benchmark index finally closed above the 7,000 resistance level on expectations of rate cuts and a stronger Philippine economy. The PSEi surged 79.79 points or 1.15 percent to 7,024.67 with the interest rate-sensitive...
The local stock market weakened as investors pocketed gains while wait for the announcement of the US August inflation rate. The main index dropped 39.75 points or 0.57 percent to close at 6,944.88 as the Property sector led the decline while the Services counter managed to hold its ground. Volume...
The PSEi closed flat after late selling pulled it back down from its peak well above the 7,000 resistance level. The main index end higher by just 0.38 points or 0.005 percent at 6,984.63 as half the sector indices declined. Volume was strong at 777 million shares worth P7.26 billion as gainers...
The PSEi started the week stronger and just a few points shy of 7,000 resistance level amid growing optimism spurred by better Philippine economic numbers. The main index rose by 48.16 points or 0.69 percent to close at 6,984.25 as Banks led the charge although Industrials and Miners were in the...
Singapore-headquartered investment fund Clime Capital will be injecting up to $10 million for the solar rooftop installations in the commercial and industrial (C&I) space as well utility-scale ventures to be undertaken by Upgrade Energy Philippines (UGEP), a joint venture between Aboitiz Power...
As inflation falls, the Bangko Sentral ng Pilipinas (BSP) will further lower key interest rates at its next monetary policy stance meeting in October, according to the think tank Capital Economics. "The past week has brought more encouraging news on inflation, with August data showing that...
