The local stock market was again saved by last-minute buying to close higher after early losses. The main index inched up by 9.52 points or 0.13 percent to close at 7,134.36 although only the Industrial and Holding Firms sectors managed to advance while the rest retreated. Volume was low at 768...
The Philippine Stock Exchange, Inc. (PSE) has launched two new indices, the PSE MidCap Index and PSE Dividend Yield Index today, Mar. 28, 2022. In a statement, the bourse said “The former was designed to showcase the mid-sized companies while the latter highlights the companies that consistently...
The Securities and Exchange Commission (SEC) was able to maintain the ISO 9001:2015 Certification of its quality management system covering all core services across its main and extension offices. “Once again, the SEC has demonstrated its global competitiveness as the premier investor champion...
Analysts are cautiously optimistic about prospects at the local stock market given the resilience showed by the PSEi last week although risks posed by global supply disruptions and inflation remain. Last trading week, the local market managed to close still at its 7,000 - 7,100 support range. Also,...
The Securities and Exchange Commission (SEC) has issued cease and desist orders (CDOs) against six online lending operators for conducting lending activities without the necessary license from the Commission. The Commission En Banc directed PesoKwento, Pondo Cash, TBAG, Cash Sky, Loan Cash, and...
Senator Sherwin "Win" Gatchalian has urged the Securities and Exchange Commission (SEC) to expedite the creation of a new office to deal with regulation and monitoring of financing and lending firms. Gatchalian on Friday also called for the crackdown on abusive and illegal lenders. His call came...
The PSEi extended its gain as investors bought up stocks before the market closed for the week. The main index hiked 42.23 points or 0.60 percent to close at 7,124.84 with the Financials and Services sectors leading the advance although the Property and Mining and Oil counters retreated. PSE...
The local stock market firmed up on optimism over the government’s new agenda to boost the economy. The main index rose 73.18 points or 1.04 percent to close at 7,082.61 as the Mining and Oil counter surged while Banks and the Property sector retreated. Volume improved to 15 billion shares worth...
The Securities and Exchange Commission (SEC) has revoked the license of Cashtrees Lending Corporation for launching and operating unregistered online lending platforms (OLPs) despite a moratorium imposed by the Commission. In an order, the SEC Corporate Governance and Finance Department (CGFD)...
The PSEi managed to end flat on low volume as investors pushed the benchmark back to the green towards the end of the session. The main index eked out a fractional gain of 0.49 of a point or 0.01 percent to close at 7,009.43 with sectoral indices evenly mixed. Volume dropped to 1.4 billion shares...
The Securities and Exchange Commission (SEC) has approved the P20-billion shelf registration of fixed rate bonds of Converge Information and Communications Technology Solutions, Inc. The Commission En Banc resolved to render effective the registration statement of Converge covering up to P20...
The local stock market recovered from the previous day’s losses as investors picked up bargains late in the session. The PSEi rose 52.34 points or 0.75 percent to close at 7,008.94 as Banks led the advance while the Industrial and Mining and Oil counters lagged behind. Volume weakened to 1.11...
