The local stock market took a breather from its climb last week while cautious investors locked down gains prior to the announcement of the new quarantine classification. The main index shed 20.03 points or 0.29 percent to close at 6,877.10 although only the heavyweight Holding Firms and Services...
This week, stock market investors will be watching out for three key government announcements on the quarantine classification as well as the latest inflation and unemployment data. “The local bourse may take cues from the government’s decision regarding the quarantine classifications of the...
The Securities and Exchange Commission (SEC) has ordered R.L. Aggregates and Diversified Lending Group, Inc. to stop soliciting investments from the public through a fraudulent scheme. In an order issued July 26, the SEC ordered R.L. Aggregates to immediately cease and desist from engaging in the...
The local stock market ended the week higher on perception that the surge in new COVID cases seems to be easing. The PSEi added 62.47 points or 0.91 percent to close at 6,897.13 with blue chip Holding Firms leading the charge although thr Services and Mining and Oil counters declined. 30307 Volume...
The Securities and Exchange Commission is warning the public not to invest in the schemes being offered by Money Game Hub or MGH Trading OPC as they do not have the necessary license to solicit investments. “Those who act as salesmen, brokers, dealers or agents of MONEY GAME HUB / MGH TRADING OPC...
The local stock market declined due to weaker factory output In August as a result of stricter lockdown measures. The main index dropped 69.5 points or 1.01 percent to close at 6,785.94 although the Financials and Mining and Oil counters managed to hold their ground even as the Property sector led...
The Securities and Exchange Commission (SEC) has approved the maiden public offering of Central Azucarera de San Antonio, Inc. (CASA) worth up to P558.5 million. In its meeting on August 31, the Commission En Banc resolved to render effective the registration statement of CASA covering 1.85 million...
The local stock market started the week lower but rose towards the end of the session as funds started window-dressing. The main index gained 68.82 points or 1.01 percent to close at 6,855.44 led by the blue-chip Industrial sector with only the Financials counter retreating. Volume surged to 2.92...
The local stock market is seen to be weighed down by the extension of quarantine measures in the national capital region as well as by rising COVID-19 cases while several issuances may affect market liquidity. “In general, the local market has shown bullish momentum in the past two weeks. The...
The Court of Appeals (CA) has upheld the Securities and Exchange Commission’s issuance of a cease and desist order against Planpromatrix Online Co. to bar it from soliciting investments from the public without the necessary license. In its decision, the CA Special 10th Division affirmed the...
The local stock market ended lower as investors cashed out ahead of the long weekend. The main index declined by 33.91 points or 0.50 percent to close at 6,786.62 as the Property sector led the retreat while the Industrial and Financials sectors managed to advance. 28920 Volume was weaker at 1.62...
The Securities and Exchange Commission (SEC) has approved the planned public offering by D&L Industries, Inc. of fixed-rate bonds worth up to P5 billion. In its meeting on August 26, the Commission En Banc resolved to render effective the registration statement of D&L covering up to P3...
