The local stock market started the week lower as investors continue to worry about inflation and interest rates. The main index shed 24.52 points or 0.36 percent to close at 6,716.88 as only the Property counter advancing while the Mining and Oil sector led the retreat. A total of 1.88 billion...
Renewable energy producer Raslag Corporation has successfully listed its shares are the Philippine Stock Exchange following its P700 million initial public offering. Raslag shares opened at its high of P2.48 per share before slowly declining to its closing price of P2.05 per share, 2.5 percent...
Sentiment at the local stock market may be weighed down this week by another round of substantial hikes in fuel prices and investors will also be watching out for the government’s report on the inflation rate last month. “Next week, the local market is seen to have a downward bias given the...
The local stock market closed higher after a weak start as investors started picking up bargains before the week ended. The main index rose 54.57 points or 0.82 percent to close at 6,741.40 as the Mining and Oil sector led in the advance across the board. However, volume dropped further to 1.09...
SEC reaps awards as champion of good governance By JAMES A. LOYOLA The Securities and Exchange Commission (SEC) continues to reap global recognition as an advocate of good governance and transparency in the Philippine corporate sector. Cambridge International Financial Advisory (Cambridge IFA)...
The local stock market declined as investors continue to worry over the global economy. The main index shed 25.38 points or 0.38 percent to close at 6,686.83 although only the Banks and Industrial counters retreated while the Mining and Oil sector led advancers. Volume weakened further to 852...
The local stock market dropped further on concern over the impact of rising inflation and interest rates. The main index lost 62.47 points or 0.92 percent to close at 6,712.21 as Banks led the decline although Mining and Property stocks managed to advance. Volume fell to 659 million shares worth...
The Philippine Stock Exchange, Inc. (PSE) has approved the planned P4.5-billion initial public offering of North Star Meat Merchants, Inc. slated for June 13 to 17, 2022. The meat vendor will offer up to 360 million primary shares and 32 million secondary shares with up to 58 million over-allotment...
The Philippine Stock Exchange has also approved the planned initial public offering (IPO) by Balai ni Fruitas Inc. worth up to P309.38 million. Balai ni Fruitas will offer to the public up to 325 million primary common shares priced at up to 75 centavos each. Balai logo The offer will also include...
The Philippine Stock Exchange has warned 11 listed firms of possible trading suspension unless they comply with the bourse’s requirement to submit their annual and quarterly reports. In a notice, the PSE said the listed companies have not complied with the structured reportorial requirements of...
The Securities and Exchange Commission (SEC) is coming out with a list of equities, bonds, funds and other securities in which Personal Equity and Retirement Account (PERA) funds may be invested. The Commission on May 17 released for public comment the proposed Rules on Qualified and/or Eligible...
Chief executives and key finance officers of 15 publicly-listed companies (PLCs) in the country will brief fund managers, equities analysts and investors on their first quarter financial performance and business strategies in the new normal. The Philippine Stock Exchange, Inc. (PSE) said it is...
