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...
The local stock market dipped on thin trading as investors wait for fresh corporate earnings reports to come out. The main index shed 9.1 points or 0.12 percent to close at 7,406.63 with sectoral indices evenly mixed. Volume was weak at 638 million shares worth P3.3 billion as losers outnumbered...
Pioneering township developer Megaworld Corporation expects to generate P3.5 billion in sales from its fourth residential condominium development inside its 35.6-hectare Capital Town township in San Fernando, Pampanga. In a statement, the firm said the 17-story Saint-Marcel Residences will be...
The local stock market ended the last trading day of the week with a slight uptick with investors looking forward to the start of the season for the release of third quarter earnings reports. The main index added 15.40 points or 0.21 percent to close at 7,415.73 with Miners leading the advance...
Local share prices dropped in afternoon trading as investors turn cautious amid global uncertainties after rising in the morning session due to the rate cut. The main index lost 36.67 points or 0.49 percent to settle at 7,400.33 as Conglomerates led the retreat while Banks managed to advance....
Economic think tanks look forward to more interest rate cuts by the Bangko Sentral ng Pilipinas (BSP) following its second-straight 25-basis point (bp) reduction in the policy rate on Wednesday, Oct. 16. Capital Economics assistant economist Harry Chambers noted in a report that after the BSP again...
The local stock market surged on expectations of another rate cut by the Monetary Board later this week. The main index rallied by 129.90 points or 1.77 percent to close at 7,456.31 as the Property sector led the charge although Miners declined due to lower gold prices. Volume was higher at 553...
The PSEi inched up on some bargain-hunting after last week’s correction and as investors wait for market moving news to be released later this week. The main index added 16.09 points or 0.22 percent to close at 7,326.41 as Miners led the advance with only the Services counter in the red. Volume...
The local stock market fell as investors worry about the possible impact of the higher-than-expected US inflation rate might have on interest rate cuts. The main index dropped 101.15 points or 1.36 percent to close at 7,310.32 with the interest rate-sensitive Property sector suffering the biggest...
Tensions in the Middle East are threatening to stop the stock market bull in its tracks, although the low September inflation may continue to boost investor sentiment as it may lead to lower interest rates and higher consumer spending. Philstocks Financial Research Manager Japhet Tantiangco said...
The number of initial public offerings is expected to surge next year as the expected decline in interest rates increases the attractiveness of equities versus fixed-income securities. In an interview at the sidelines of the EJAP-AboitizPower Renewable Energy Forum, BDO Capital and Investment...
Chinabank Destinations Mastercard and Chinabank HomePlus were honored as the best in the country at the Philippine Awards 2024 - Excellence in Retail Financial Services Awards of The Asian Banker (TAB) on Sept. 27, 2024, at Shangri-La, The Fort. Chinabank Destinations Mastercard was named the Best...
