The local stock market rose in late trades as investors took positions ahead of the release of more third quarter earnings reports by listed companies. The main index added 40.26 points or 0.56 percent to close at 7,280.24 as Banks led the advance while Conglomerates and Property firms declined....
By DERCO ROSAL London-based Capital Economics expects that Southeast Asian central banks, including the Bangko Sentral ng Pilipinas (BSP), will likely continue lowering interest rates in the coming months due to anticipated sluggish economic growth and continued low inflation. “With GDP [gross...
The PSEi fell below the 7,300 level as investors cash out before the long weekend when another typhoon is expected to hit the country. The main index index plunged by 103.26 points or 1.41 percent to close at 7,239.98 with the Property counter suffering the biggest loss. Volume rose to 566 million...
The Philippine Stock Exchange Index (PSEi) ended in the green in volatile trading as investors digested fresh earnings reports while anticipating the release of more US and Philippine economic data. The main index rose by 29.01 points or 0.40 percent to close at 7,343.24 with all sectoral indices...
The country’s top lender BDO Unibank Inc. (BDO) reported a 12 percent year-on-year (YoY) growth in net profit to P60.6 billion in the first nine months of 2024. In a disclosure to the Philippine Stock Exchange (PSE), the bank said its growth in net income was driven by the sustained contribution...
Holding firm Aboitiz Equity Ventures Inc. (AEV) reported a four percent improvement in consolidated net income to P18.8 billion for the first nine months of 2024, from the P18 billion reported for the first nine months of 2023. In a disclosure to the Philippine Stock Exchange (PSE), the firm...
Think tank Capital Economics has flagged potential risks to Asian currencies, including the Philippine peso, should Donald Trump secure victory in the upcoming US presidential election. In a report, Capital Economics said that Trump's protectionist policies could exert depreciation pressures...
The local stock market managed to end the last trading day of the week on a positive note as the typhoon leaves the Philippines. The main index added 30.44 points or 0.42 percent to close at 7,314.23 with Banks leading the advance while the Property and Industrial sectors remained in the red....
The PSEi fell, weighed down by losses in the US amid economic uncertainties and rising Treasury yields. The main index dropped 83.87 points or 1.14 percent to close at 7,283.79 with Banks leading the retreat. Volume slipped to 776 million shares worth P3.8 billion as losers swept gainers 139 to 53...
The local stock market dropped with Wall Street and as investors worry over the impact of the typhoon. The PSEi lost 45.5 points or 0.61 percent to close at 7,367.66 as the Services sector led the retreat while Miners and Conglomerates advanced. Volume declined to 1.2 billion shares worth...
Central banks in emerging Asian economies like the Philippines are expected to further lower interest rates despite expectations of slower monetary easing if the protectionist former US president Donald J. Trump returns to the White House, according to two economic think tanks. In an Oct. 21...
The local stock market continues to move sideways as investors wait for third quarter earnings reports. The main index eked out a gain of 6.53 points or 0.09 percent to close at 7,413.16 as Services and Industrials advanced, but more sectors were in the red. Volume improved to 916 million shares...
