The local stock market continued to trek downwards on growing pessimism about the growth prospects of the US and Philippine economies. The main index lost 32.76 points or 0.53 percent to close at 6,179.63 percent with Banks dropping the most although sectoral indices were evenly split. Volume...
*STORY UPDATE* The Securities and Exchange Commission (SEC) has since entered into a settlement agreement with Mr. Justin Arvin Atendido and his White Dragon Investment Group. The settlement, which included a payment of ₱50,000 from Atendido, was reached after the SEC issued an order in...
The battered local stock market continued to drop, this time after US Treasury yields hit a 16-year high. The main index fell by 77.88 points or 1.24 percent to close at 6,212.39 as Conglomerates led the retreat while Banks managed to advance. Volume amounted to 391 million shares worth P4.79...
While the local stock market has been on a steady decline - down to its lowest level in nine months -- analysts do not see much relief as investor sentiment has turned bearish due to a confluence of negative factors. “The local market closed last week at 6,290.27, its lowest close since November...
The Securities and Exchange Commission (SEC) is urging all delinquent corporations and associations that have been penalized for the late or non-filing of their annual reports to avail of the amnesty program before higher penalties kick in starting Oct. 1. The amnesty, which comes in the form of a...
The Philippine Stock Exchange (PSE) is encouraging all publicly-listed firms to conduct quarterly briefings on their financial performances to cultivate healthy investor relations. This came after a group of 10 publicly-listed companies (PLCs) featured in the PSE STAR (Strengthening Access and...
The drop in US stock prices continued to weigh on local investor sentiment, pushing the PSEi below the 6,300 level as the trading week ended. The main index lost 74.70 points or 1.17 percent to close at 6,290.27 as Banks led the retreat while the Mining and Oil counter bucked the trend. Volume...
The local stock market weakened again after sentiment was dampened by statements made by the US Federal Reserve. The main index dropped 45.12 points or 0.70 percent to close at 6,364.97 as Conglomerates led the decline with only the Services counter managing to hold its ground. Volume...
The local stock market finally made a stronger bounce as funds picked up cheaper blue chips late in the session. The main index rose by 74.18 points or 1.17 percent to close at 6,410.09 as the Mining and Oil sector led the advance although Banks lagged behind. Volume dropped to 385 million...
Late buying nudged up the Philippine Stock Exchange (PSE) benchmark index as investors picked up bargains following steep losses in past days. The main index inched up by 6.72 points or 0.11 percent to close at 6,335.91 as the Services sector did the heavy lifting while the Industrial and Mining...
The Securities Clearing Corporation of the Philippines (SCCP), a wholly-owned subsidiary of the Philippine Stock Exchange Inc. (PSE), announced that stock market transactions from Aug. 24, 2023 onwards will be settled after two clearing days instead of three. This comes after the clearinghouse...
The local stock market fell further as investors continued to worry over the Philippines' and China's economies. The main index fell by 76.72 points or 1.20 percent to close at 6,329.19 as the Property sector led the retreat although Miners managed to advance. Volume was higher at 716 million...
