The local stock market dipped due to sobering US and domestic economic data. The main index declined by 18.63 points or 0.30 percent to close at 6,256.17 as the Property sector ked the retreat while Banks and Mining firms bucked the trend. Volume grew to 807 million shares worth P6.09 billion aa...
The local stock market ended slightly lower after trading in the green most of the day. The main index shed 11.44 points or 0.18 percent to close at 6,274.80 as the Mining and Oil counter continued to lead most indices higher while only Property and Holding Firms declined. Volume improved to 733...
The Securities and Exchange Commission (SEC) has approved the planned P3.3 billion stock rights offering (SRO) of Solar Philippine Nueva Ecija Corporation (SPNEC), by confirming that the transaction is exempt from registration requirements. In a disclosure to the Philippine Stock Exchange, SPNEC...
The Department of Finance (DOF) has ordered the Securities and Exchange Commission (SEC) to continue its digitalization initiatives in expanding the country’s capital market and to support economic growth. Finance Secretary Benjamin E. Diokno, said on Tuesday, July 19, that his marching order to...
The local stock market bounced on the back of gains in the US as well as news of another rollback in pump prices. The main index rose 73.52 or 1.19 percent to close at 6,268.78 as the Property index led the advance with a substantial gain while the Services and Mining and Oil counters...
The local stock market is seen to continue being weighed down by concerns at the economic front while investors wait for first half earnings results. “While we see bargain hunting opportunities, next week, investors are still expected to maintain a cautious stance amid lingering economic...
The local stock market declined as investors opted to cash out for the weekend. The main index dropped 52.87 points or 0.85 percent to close at 6,195.26 as the Mining and Oil counter led the decline with only the Industrial sector bucking the trend. Volume remained low at 785 million shares...
The PSEi managed to recover most of its intraday losses after a quick pre-emptive move by the Bangko Sentral to raise rates. The main index shed 7.24 points or 0.12 percent to close at 6,248.13 with the Property sector suffering the biggest drop while only the Financials and Services counters...
Emperador Inc., a leading global spirits firm controlled by tycoon Dr. Andrew Tan, saw it share prices rise in both Singapore and the Philippines after the listing of its shares in the Singapore Exchange Securities Trading Limited (SGX-ST). The firm’s listing at the...
The local stock market fell in anticipation of a spike in the June inflation rate while the peso continues to weaken. The main index dropped 94.57 points or 1.49 percent to close at 6,255.37 as Conglomerates and Banks led the retreat although the Mining and Oil counter managed to advance....
The local stock market declined as investors pocket gains while waiting for more news. The main index lost 38.70 points or 0.61 percent to close at 6,349.94 with sectoral indices evenly mixed. Volume improved slightly but remained thin at 955 million shares worth P4.19 billion as losers beat...
The Securities and Exchange Commission (SEC) has revoked the corporate registration of Wellcons Unlimited Systems, Inc. for illegally solicit investments from the public through a “double-your-money” scheme that resembles a Ponzi scam. In its order, the SEC Enforcement and Investor Protection...
