The Philippine Stock Exchange index (PSEi) gained more ground as investors continued to pick up cheaper stocks on the back of gains in US bourses. The main index added 24.92 points or 0.41 percent to close at 6,119.88 with the mining and oil surging by 4.73 percent while banks and services...
The local stock market strengthened as investors picked up bargains amid stronger remittances and corporate tax cuts. The main index surged by 101.48 points or 1.69 percent to close at 6,094.96 as the property counter made a strong bounce while miners saw some profit-taking. Volume grew to...
The Philippine Stock Exchange index (PSEi) fell following the decline in US bourses last Friday as investors are jittery about factors that may further delay interest rate cuts. The main index lost 67.85 points or 1.12 percent to close at 5,993.48 on Monday, Feb. 17, as the property sector plunged,...
The ASEAN Capital Markets Forum (ACMF) has endorsed the Strategic Thrusts and a set of Key Principles for the upcoming ACMF Action Plan 2026-2030 (AP2026) during its successful 42nd Chairs’ Meeting in Penang, Malaysia. The ACMF said the AP2026, which is targeted for release in October 2025, will...
The local stock market turned red on Valentine’s Day as investors cashed out after the Bangko Sentral Pilipinas' surprise move to hold back an expected rate cut. The main index lost 51.86 points or 0.85 percent to close at 6,061.33 as the rate-sensitive property sector led the retreat while...
The local stock market managed to rise despite higher US inflation as investors were expecting the Bangko Sentral ng Pilipinas (BSP) to cut its policy rate. The main index jumped 69.06 points or 1.14 percent to close at 6,113.19 with the mining and services sectors leading all sub-indices up....
The Philippine Stock Exchange index (PSEi) recovered some lost ground, returning above the 6,000 level following the announcement of changes to the MSCI Philippine Index, effective at the end of February. The main index rose by 56.38 points, or 0.94 percent, to close at 6,044.13, led by...
The Ayala Group continues to dispose of non-core businesses with the sale of its telehealth provider KonsultaMD to Metro Pacific Health Tech Corporation (mWell) so it can better focus on more promising endeavors. The move comes after the sale of a portion of its stake in GCash to Mitsubishi and the...
The local stock market dropped back to the sub-6,000 after four straight days of losses almost wiped out its 420-point bounce last week. The Philippine Stock Exchange (PSE) index lost 49.37 points or 0.82 percent to close at 5,987.75 on Tuesday, Feb. 11, with the retreat led by the property sector...
Cautious investors continue to sell down stocks while waiting for fresh leads, causing the PSEi to fall for the third straight day. The main index slid 117.87 points or 1.92 percent to close at 6,037.12 as property firms and banks led the retreat while miners bucked the trend. Volume dipped...
The country’s investment houses are considering an agreement to carve out among themselves equally the huge $1 billion to $1.5 billion initial public offering (IPO) of Globe Fintech Innovations, Inc. (Mynt), which owns top e-wallet GCash. This is according to Investment House Association of the...
The local stock market dropped as investors cashed out at the end of the week. The main index fell by 86.98 points or 1.39 percent to close at 6,154.99 with the retreat led by the services sector while miners bucked the trend with a small gain. Volume rose to 450 million shares worth P6.06 billion...
