The local stock market kicked off the first trading day of the second quarter with a substantial hike following strong economic data from China and the US. The main index jumped by 76.28 points or 1.10 percent to close at 6,979.81 as Conglomerates led the advance while the Industrial sector lagged...
Investors in the local stock market will be looking forward to the release of the March inflation numbers this week to see if there will be further delays in the central bank's policy rate cuts. “For the first week of April, investors are expected to look towards upcoming economic data for clues....
The Co family has transferred a majority stake in a firm that owns a hydroelectric plant in Mindoro to their publicly-listed investment holding company Cosco Capital Inc. for P551.88 million. Cosco Capital Chairman Lucio Co In a disclosure to the Philippine Stock Exchange (PSE), Cosco said it has...
The local stock market recovered some lost ground as investors started picking up cheaper stocks. The main index rose 45.07 points or 0.66 percent to close at 6,898.17 led by the advance of the Services sector while Banks and Miners lagged behind. Volume improved to 699 million shares worth P7.62...
Chinabank Capital Corporation, the investment house of China Banking Corporation, was named as the Best Bond Adviser in the Philippines by The Asset for the 8th straight year. In a statement, the bank said “Chinabank Capital remains unmatched by local investment houses in effectively structuring...
The local stock market declined as investors wait for fresh cues from the US. The main index dropped 28.87 points or 0.42 percent to close at 6,853.10 as Banks led the retreat with only Conglomerates holding on to gains. A total of 553 million shares worth P5.48 billion were traded as losers beat...
The local stock market pulled back from the previous day’s spike as investors cashed out ahead of the weekend marking the start of the Holy Week when many are expected to go on vacations. The Philippine Stock Exchange Index (PSEi) fell 82.25 points or 1.17 percent to close at 6,881.97 as the...
The Ty family’s investment arm GT Capital Holdings Inc. (GTCAP) posted an 82 percent jump in core net income to a record high P28.8 billion last year from P15.9 billion earned in 2022. In a disclosure to the Philippine Stock Exchange (PSE), the firm said consolidated net income rose 57 percent to...
The local stock market jumped after the US Federal Reserve assured that its rate cut plans are unchanged. The main index rose 106.45 points or 1.55 percent to close at 6,963.22 as the Services sector led the advance across the board. Volume declined to 977 million shares worth P6.34 billion as...
The local stock market inched up as investors continued to wait for the results of the US Federal Reserve meeting. The main index added 8.34 points or 0.12 percent to close at 6,856.77 as sectoral indices were evenly divided with the Services counter chalking the biggest gain. Volume rose to 786...
The local stock market dipped slightly as investors turned cautious ahead of the release of US economic data. The main index shed 4.86 points or 0.07 percent to close at 6,848.43 as Miners led the decline while Banks and Property firms advanced. Volume was firm at 897 million shares worth P5.79...
The local stock market fell due to less than favorable US economic data which further supported growing concern that interest rate cuts are not coming soon. The main index plunged by 145.64 points or 2.09 percent as the Property sector led the retreat while the Mining and Oil counter was the only...
