The Philippine Stock Exchange index (PSEi) posted some gains as bargain hunters returned to the local stock market after the Easter break. The main index added 11.21 points or 0.16 percent to close at 6,996.11 although sectoral indices were evenly mixed. Volume was still thin at 751 million shares...
The local stock market is seen to remain bearish this week as oil prices are rising again while foreign funds continue to exit on expectations of a rate hike in the US. “While we may see some bargain hunting following two successive weeks of decline, the general market sentiment is still seen to...
Almost two years and six initial public offerings later, real estate investment trusts (REITs) have proven to be a less volatile investment vehicle and a regular source of dividend income even during a pandemic. Five REITs listed at the Philippine Stock Exchange paid out a total of P5.77 billion in...
The PSEi bounced back on the last trading day before Easter as investors picked up cheaper stocks following losses in previous sessions. The main index rose 89.54 points or 1.3 percent to close at 6,984.90 as the Industrial sector led all indices higher. Volume dipped to 1.42 billion shares worth...
The local stock market dropped further due to lack of fresh leads and with the approaching Lenten break. The main index lost 92.93 points or 1.33 percent to close at 6,895.36 with the Industrial and Services sectors leading the retreat across the board. Volume improved but remained thin at 1.5...
The Securities and Exchange Commission has convinced technology giant Google to adopt a more stringent approval process for online lending apps in the Philippines as part of the agency’s efforts to tackle illegal and abusive lending practices. In a statement, the SEC said that, effective May 11,...
The local stock market is seen to remain weak this short trading week as concern over rising inflation and monetary tightening by the US Federal Reserve weigh on investor sentiment. “This week, the local market could move with a downward bias as it continues to face headwinds from both offshore...
The local stock market bounced from the previous day’s steep drop as investors picked up bargains. The main index jumped 91.99 points or 1.33 percent to close at 7,018.02 as the Services sector led the rally across the board. However, volume dropped to 660 million shares worth P4.02 billion as...
The Securities and Exchange Commission (SEC) has revoked the corporate registrations of ScentkoWorld Corporation and Brendahl Cruz Holdings, Inc. for illegally soliciting investments from the public through a “buy and earn” program. The SEC Enforcement and Investor Protection Department (EIPD)...
The local stock market fell sharply with the PSEi breaching the 7,000 level due to fears of monetary policy tightening in the US. The main index plunged 183.23 points or 2.58 percent to close at 6,926.03 as share prices fell across the board led by the the Property sector. Volume rose to 920...
The local stock market weakened further, following the decline in US bourses. The main index dropped 46.81 points or 0.65 percent to close at 7,109.26 as Holding Firms led the retreat of all indices. Volume improved but was still thin at 11.53 billion shares worth P4.98 billion as losers beat...
The local stock market dropped after the announcement of higher-expected inflation but managed to recover most of its losses at the end of the day. The main index shed 7.14 points or 0.10 percent to close at 7,156.07 as the Property sector led the retreat although Banks and Mining firms advanced....
