The local stock market declined as investors continue to wait for the outcome of US elections and the Wednesday’s GDP report. The main index dropped 47.42 points or 0.75 percent to close at 6,242.68 as the Mining and Oil index led the retreat while the Industrial and Holding Firms counters...
Stocks ease before US midterm elections The PSEi took a breather after posting strong gains in the last two sessions as investors took profit before the US midterm elections and the release of Philippine GDP figures. The main index shed 6.48 points or 0.10 percent to close at 6,289.10 as the Mining...
The Philippines is moving towards implementing full mandatory disclosure of ESG compliance by all businesses in the country, but emphasized the need to find balance amid social concerns being a developing country. This was emphasized by Trade and Industry Secretary Alfredo E. Pascual at the EU...
SEC: Do not invest in Lodi Coins By JAMES A. LOYOLA The Securities and Exchange Commission (SEC) is advising the public against investing in Lodi Coins, a supposed virtual currency being offered on social media without the necessary licenses from regulators. In an advisory, the Commission flagged...
The Philippine Stock Exchange is aiming to get more retail investors to participate in the local stock market by opening up access to market data as well as allowing the use of e-wallets to purchase shares of listed firms. According to PSE President Ramon S. Monzon, this technology initiative — a...
The Philippine Stock Exchange, Inc. (PSE) urges firms considering going public to join its Listing Engagement and Assistance Program (LEAP) which will help them go through the process of an initial public offering. In a statement, the bourse noted that, “Since its introduction in the fourth...
Unity Premier Business Group OPC has been ordered by the Securities and Exchange Commission (SEC) to stop illegally soliciting investments from the public through its supposed beauty product business. In a statement, the SEC said the Commission En Banc directed the company, which also operates...
The local stock market slipped further after US share prices fell anew. The main index dropped 86.03 percent or 1.28 percent to close at 6,618.38 with the Mining and Oil counter leading the retreat. Volume was relatively stable at 972 million shares worth P5.67 billion as losers swamped gainers 151...
The local stock market fell amid concerns over further US rate hikes. The main index lost 159.45 points or 2.32 percent to close at 6,704.41 as Conglomerates led the retreat across the board. A total of 817 million shares worth P5.44 billion changed hands as losers trounced gainer 132 to 62 while...
The local stock market is riding on bullish sentiment and will be looking for cues to gauge if this is sustainable such as the US gross domestic product figures for the second quarter which will be announced this week. “US GDP for the second quarter will be announced this week, which will be...
The local stock market firmed up again after the respite in the previous session to end the week on a positive note. The main index rose 39.23 points or 0.57 percent to close at 6,863.86 as the Mining and Oil sector rallied and led gains across the board. However, volume dropped to 1.57 billion...
The local stock market moved sideways while waiting for the Bangko Sentral meeting which started after trading ended. The main index inched up 5.64 points or 0.08 percent to close at 6,824.63 with sectoral indices evenly mixed. Volume rose to 909 million shares worth P13.76 billion as losers...
