While the local stock market is seen to be buoyed by prospects of a big drop in pump prices this week, sentiment may continue to be dampened by the weak peso. “The local market rode on positive momentum last week but the sustainability of this rally is questionable amid the lingering economic...
The local stock market ended slightly higher a strong start as investors were quick to pocket gains made on the back of prospects of lower pump prices next week. The main index inched up 9.50 points or 0.15 percent to close at 6,361.82 as the Industrial sector led the advance while Conglomerates...
The local stock market succumbed to profit-taking after its strong bounce that started last week. The main index fell 92.69 points or 1.44 percent to close at 6,352.32 as the Industrial sector led all indices in the retreat. Volume dipped to 708 million shares worth P4.69 billion as losers outpaced...
The local stock market continued to rally as investors cheered falling oil prices in the world market. The main index surged 135.02 points or 2.14 percent to close at 6,445.01 as Conglomerates led the advance although the Mining and Oil counter retreated. Volume improved to 915 million shares worth...
Real estate giant Ayala Land, Inc. (ALI) has raised a total of P33 billion from its largest bond issuance to date and listed these securities at the Philippine Dealing and Exchange Corporation (PDEX). In a disclosure to the Philippine Stock Exchange, the firm said it listed its new fixed-rate bonds...
The Securities and Exchange Commission (SEC) has ordered Wellcons Unlimited Systems, Inc. to stop offering investment packages to the public because it does not have the necessary license from the Commission. In a statement, the SEC said the Commission En Banc directed Wellcons to immediately cease...
The local stock market jumped after the government announced the June inflation rate. The main index rose 126.37 points or 2.04 percent to close at 6,309.99 as the Property sector led the advance across the board. However, volume stayed thin at 509 million shares worth P3.98 billion as gainers beat...
The Philippine Stock Exchange index (PSEi) posted a modest gain amid thin trades due to selective bargain hunting in heavyweight stocks. The main index added 18.27 points or 0.30 percent to close at 6,183.62 although sectoral indices were evenly mixed with gains posted mostly by Banks. Volume...
The Securities and Exchange Commission (SEC) has approved the planned P2.68 billion listing of LFM Properties Corporation on the stock exchange by way of introduction. In its meeting on June 28, the Commission En Banc rendered effective the registration statement of LFM Properties covering up to...
The Securities and Exchange Commission (SEC) vowed to continue advancing reforms and programs that will enable the growth of the capital market and the broader corporate sector under the new administration. “We recognize our vital role in the country’s economic growth and recovery, being the...
Stock market to see some bargain-hunting By JAMES A. LOYOLA While stock analysts pointed out that the market is ripe for cherry-picking, investor sentiment continued to be weighed down by worries about rising inflation and interest rates. “The market has already declined for four consecutive...
President Ferdinand Marcos Jr. will be inheriting from former President Rodrigo Duterte a capital market that is currently reeling from the impact of a combination of rising inflation and interest rates, and risks of a global recession and food shortage. Data from the Securities and Exchange...
