The Securities and Exchange Commission (SEC) has canceled the corporate registration of Silverlion Livestock Trading Corp. for unauthorized solicitation of investments from the public. In an order, the SEC Enforcement and Investor Protection Department (EIPD) revoked the certificate of...
Local share prices weakened for the second day as US and Philippine monetary authorities are expected to raise interest rates soon. The main index lost 47.35 points or 0.70 percent to close at 6,709.34 with Banks and Property leading the retreat although Industrials and Miners managed to advance. A...
The local stock market declined as investors took profit following mostly weaker US bourses prior to the release of inflation data. The main index dropped 33.55 points or 0.49 percent to close at 6,756.69 with only the Services sector managing to stay in the green. Volume jumped to 2.51 billion...
The local stock market resumed its upward trek after a brief respite last Friday, as investor sentiment was boosted by upbeat overseas markets. The main index jumped 122.27 points or 1.83 percent to close at 6,790.24 as Miners and Banks led all sectors in the rally. Volume was also firmer at 2.46...
The local stock market is seen to continue consolidating at current levels although sentiment appears to be more bullish with the PSEi rising 1.55 percent in the first trading week of the new year. “The market has been able to maintain its position above the 6,600 level (a previous resistance)...
After a healthy start this year, stocks dropped on Friday, Jan. 6, as investors took profits at the local stock market after US bourses dropped due to renewed concern over interest rate hikes. The main index fell 93.36 points or 1.38 percent to close at 6,667.97 with the Industrial counter leading...
The Philippine Stock Exchange, Inc. (PSE) and Shenzhen Stock Exchange (SZSE) have signed a Memorandum of Understanding (MOU) to strengthen communication and economic cooperation between the two bourses. In a statement, the PSE said this cooperation can potentially help boost investment prospects...
The local stock market continued to trek higher after the announcement of a favorable inflation rate for December. The main index rose 42.83 points or 0.64 percent to close at 6,761.33 as Banks led the advance while the Services and Mining counters declined. Volume improved slightly to 1.85 billion...
Local share prices surged to the 6,700 level on the second day, Jan. 4, of trading in 2023 as more investors returned to the market from the holidays. The main index jumped 132.49 points or 2.01 percent to close at 6,718.59 as the Mining and Services sectors led the rally across the board. Volume...
The Securities and Exchange Commission has approved the merger between AXA Philippines and its former general insurance subsidiary Charter Ping An Insurance Corporation. AXA Philippines is a joint venture between the Metrobank Group, GT Capital, and the Paris-based AXA Group. With the merger, AXA...
The local stock market is off to a good start as investors begin the 2023 with renewed optimism. The main index rose 19.62 points or 0.30 percent to close at 6,586.01 as the Mining and Oil sector led the advance while Banks and Property firms lagged behind. Volume remained thin at 2.06 billion...
The Securities and Exchange Commission is asking the public to stop investing in the scheme being offered by Ground Zero Poultry Agricultural Corporation and its representatives as this has the characteristics of a Ponzi scam. Based on reports and information gathered by the Commission, individuals...
