Local stocks extended a winning streak to a second session as strengthening peso lured investors back to the equity market, pushing the benchmark index to its highest level in nearly seven months. The Philippine Stock Exchange index (PSEi) advanced 24.22 points, or 0.37 percent, to settle at...
The PSEi surged as the stronger Peso and rise in foreign investments fueled today’s rally. The main index jumped by 125.44 points or 1.98 percent to close at 6,474.60 with the Services sector leading the charge across the board. Volume was weak though at 754 million shares worth P6.86 billion as...
The Securities and Exchange Commission (SEC) has penalized Global Dominion Financing Inc. for employing unfair and abusive debt collection practices through third-party agents amid tightening of oversight on the nation’s lending sector. In a formal order, the SEC’s Financing and Lending...
Equities market is shifting into a defensive crouch as investors pivot from a broad-based rally toward a granular assessment of corporate earnings and macroeconomic stability. After a volatile start to the year, market participants are scouring fourth-quarter results, foreign direct investment...
Local shares retreated on Wednesday, Feb. 4, as investors locked in profits ahead of inflation report, pausing a rally that had recently pushed the benchmark index above the 6,400 mark. The Philippine Stock Exchange Index (PSEi) fell 29.01 points, or 0.45 percent, to close at 6,372.95. Market...
Stocks surged on Tuesday, Feb. 3, reclaiming the 6,400 level as investors shrugged off recent volatility in favor of an optimistic growth outlook and a massive government spending plan. The benchmark Philippine Stock Exchange index (PSEi) climbed 104.88 points, or 1.67 percent, to finish at...
Billionaire Manuel B. Villar denied allegations of price manipulation and insider trading filed by the Securities and Exchange Commission (SEC), describing the charges as baseless while vowing to defend his family’s business reputation. Villar, the Philippines’ richest person, said in a...
The Philippine Stock Exchange index (PSEi) on Monday, Feb. 2, declined as cautious investors took note of geopolitical tensions while also waiting for the release of January inflation data. The main index dropped 31.89 points, or 0.5 percent, to close at 6,297.08. Miners plunged due to the fall of...
Globe Telecom Inc. received approval from the Philippine Stock Exchange (PSE) to raise as much as ₱25 billion through a sale of non-voting preferred shares to refinance debt and support network expansion. In a notice posted on the bourse’s website, the PSE said the Ayala-led carrier will offer...
Investors in equities are turning their focus to upcoming inflation data as catalyst for potential interest rate cuts, seeking signs that price pressures have cooled enough for the central bank to pivot toward easing. The release of February’s consumer price index will be weighed alongside recent...
The Securities and Exchange Commission (SEC) filed criminal charges against Villar Land Holdings Corp., its top executives, and related entities for alleged market manipulation and insider trading. In a complaint filed with the Department of Justice on Jan. 30, the regulator accused the company of...
The Philippine Stock Exchange index (PSEi) on Friday, Jan. 30, bounced and recovered most of the previous day’s losses as the lower economic growth rate may lead to another policy rate cut. The main index jumped by 105.61 points, or 1.7 percent, to close at 6,328.97. Banks surged, while miners...
