The local stock market continued to decline after news of a high US inflation rate sent share prices tumbling. The main index dropped 63.03 points or 0.97 percent to close at 6,467.01 with the Mining and Oil index leading the retreat across the board. Volume remained thin at 761 million shares...
The Philippine Stock Exchange’s plan to shut down its unified trading floor, just after a few years in operation, signals the end of an era for the institution that has been steeped in its traditions. In a memorandum to all trading participants, PSE President Ramon S. Monzon said “the Exchange,...
The local stock market is seen to continue to be weighed down by concerns over rising inflation and its impact on monetary policy and consumption both here and abroad while investors will keep an eye on remittance and balance of payments data. “The local market is seen to have a downward bias...
The Securities and Exchange Commission (SEC) announced that it has maintained the highest audit mark from the Commission on Audit (COA) for the fourth straight year. In a statement, the SEC said it has received an “unmodified opinion” from the COA, a testament to the Commission’s transparent...
The local stock market ended the week with a steep drop after US bourses fell on concern that the Fed may raise rates faster in reaction to high inflation. The PSEi’s loss kept mounting before closing lower by 228.55 points or 3.38 percent to close at 6,530.04 as the Property sector led the...
The Philippine Stock Exchange (PSE) reported that the number of online stock market accounts in the Philippines has breached the one million mark in 2021. In its annual stock market investor profile (SMIP) report, the PSE said online investor accounts grew by 23.8 percent year-on-year to 1,159,034...
The Department of Finance (DOF) said that Binance, the largest cryptocurrency exchange in the world, is not registered with the Philippines’ securities and banking regulators. Finance Secretary Carlos G. Dominguez III said on Thursday, June 9, said Binance is not registered with the Securities...
The PSEi resumed its downward trend after a short respite as investors continue to worry about the local and global economies. However, the main index managed to recover most of its early losses and ended with only 11.03 points lower or 0.16 percent to close at 6,758.59 as the Services sector led...
Eleven listed firms have finally submitted their annual and quarterly reports, escaping suspension from the Philippine Stock Exchange on the trading of their shares. In a notice last May 24, the PSE said the listed companies have not complied with the structured reportorial requirements of the...
The Securities and Exchange Commission (SEC) has added new options for its online payment system, making payment for registration and transactions fees faster and more convenient for the public. In a statement, the SEC said clients can now use their GCash payment wallets to settle registration and...
The local stock market inched up some more as investors picked up bargains amid an improvement in global markets. The main index added 15.61 points or 0.23 percent to close at 6,769.62 as sectoral indices were evenly mixed. Volume remained thin at 745 million shares worth P5.37 billion as gainers...
The local stock market bounced on Wall Street’s lead despite the announcement that inflation rate rose further in May. The main index rose 37.13 points or 0.55 percent to close at 6,754.01 as the Mining and Oil sector led all counters in the advance. Volume remained weak though at 877 million...
