Local share prices fell after the previous day’s spike after weakness i US markets prompted investors to take profits. The main index lost 149.22 points or 2.24 percent to close at 6,525.16 as the Property sector led the retreat although the Services and Mining and Oil counters managed to stay...
The Philippine Dealing and Exchange Corporation (PDEx) has approved the planned listing of Aboitiz Equity Ventures’ (AEV) P20 billion fixed-rate retail bonds, which includes oversubscriptions. In a disclosure to the Philippine Stock Exchange, AEV said the 2022 Bonds consist of a base offer in the...
The Securities and Exchange Commission (SEC) has ordered Sophia Francisco Holding OPC and BeastnessAllDay Corporation to stop soliciting investments from the public, as part of its crackdown against illegal investment schemes. The investment schemes of BeastnessAllDay and Sophia Francisco Group...
The local stock market ignored the high November inflation rate amd surged on positive news overseas. The main index jumped 232.25 points or 3.61 percent to close at 6,674.38 as Conglomerates led the rally. Volume improved to 582 million shares worth P6.04 billion as gainers beat losers 100 to 81...
The Securities and Exchange Commission (SEC) is offering an additional payment option to the transacting public through an enhanced partnership with the Land Bank of the Philippines (LANDBANK). The Commission signed an amended Memorandum of Agreement (MOA) with LANDBANK to allow for payments for...
The local stock market lost early gains to end lower as investors opted to take profits late in the session. The main index lost 47.52 points or 0.73 percent to close at 6,442.13 as the Services sector led the retreat although the Industrial and Property counters remained in the green. Volume eased...
The Securities and Exchange Commission (SEC) celebrated its 86th anniversary by recognizing individuals and organizations that have helped it champion the development of the corporate sector and further deepening of the capital markets. In its first face-to-face celebration since the pandemic, the...
The week may start with some bargain hunting following the PSEi’s plunge last Friday after hitting overbought levels, but the November inflation report on Tuesday will determine the stock market’s direction in the following days. Online brokerage 2TradeAsia.com said “The Fed's shift in tone...
The local stock market plunged as the weakness in the US and regional bourses prompted investors to continue to take profits. The main index fell 245.34 points or 3.64 percent to 6,489.65 points as Conglomerates led the retraction in share prices. Volume also declined to 874 million shares worth...
The local stock market bucked the regional trend and started December with some profit-taking following six-day rally. The main index dropped 45.79 points or 0.68 percent to close at 6,734.99 although sectoral indices were evenly mixed. A hefty 796 million shares worth P10.11 billion changed hands...
Overcoming a weak start due to the decline in US bourses, the local stock market breezed past the 6,700 level to close near the 6,800 mark as funds pushed up share prices. The main index jumped 99.31 points or 1.49 percent to close at 6,780.78 as the Property sector surged while the Industrial and...
The Securities and Exchange Commission (SEC) has busted the operations of Silverlion Livestock Trading Corp. in Zamboanga City as it continues the crackdown against unauthorized investment schemes. In a joint operation, the combined forces of the SEC Zamboanga Extension Office (ZEO) and the...
