The local stock market jumped as investors scooped up bargains following last Friday’s huge drop in share prices. The main index rose 193.49 points or 3.06 percent to close at 6,513.68 as the battered Holding Firms sector led the rally with only the Mining and Oil counter retreating. 26645 Volume...
Concern over the surge in COVID cases will be foremost in the minds of stock market investors this week, although the government is also set to release data on remittances and balance of payments. “While we may see some bargain hunting in the early part of this week following last Friday’s...
Local share prices plunged as foreign investors dumped stocks ahead of the effectivity of the new PSEi composition next week. The main index fell 236.38 points or 3.61 percent to close at 6,320.19 after the Holding Firms counter lost 5.21 percent. Only the Financials sector managed to hold its...
The local stock market fell after the MSCI index rebalancing as well as due to concern over rising COVID cases. The main index lost 110.29 points or 1.65 percent to close at 6,556.57 as thr Property and Holding Firms counters led the retreat with only the Mining and Oil sector managing to advance....
The local stock market rose on the back of gains in the US as well as positioning ahead of the rebalancing of the MSCI ( Morgan Stanley Capital International), which measures the performance of the large and mid cap segments of the Philippines market. The main index advanced 43.63 points or 0.66...
The Philippine Stock Exchange’s Board of Directors has approved the listing of the shares of RL Commercial REIT, Inc. (RCR) paving the way for the real estate investment trust’s initial public offering worth up to P26.7 billion. Upon its target listing, RCR is poised to be the largest REIT by...
The local stock market dipped despite the report of a stronger than expected gross domestic product (GDP) for the second quarter as investors fret over the impact of the lockdown in the second semester. The main index shed 9.34 points or 0.14 percent to close at 6,623.23 with sectoral indices...
The local stock market opened the week on a high note following gains in the US last Friday and in anticipation of better economic data to be announced on Tuesday. The main index jumped 92.66 points or 1.42 percent to close at 6,632.57 as the Property sector surged 3.65 percent while the Mining and...
The Securities and Exchange Commission (SEC) assured the investing public and corporate sector that the Philippine capital market will remain open during the enhanced community quarantine (ECQ). In a notice issues on August 5, the SEC reiterated that capital market institutions and participants may...
The Philippine Stock Exchange announced the recomposition of its benchmark index with the addition of AC Energy Corporation and Converge Information and Communications Technology Solutions, Inc. starting August 16, 2021. In a statement, the bourse said the two securities will replace DMCI Holdings,...
The local stock market rose for the third day with investor sentiment boosted by positive corporate earnings reports. The main index gained 25.15 points or 0.38 percent to close at 6,585.21 as the Services sector led the advance while the Property counter was the only one in the red. Volume was...
The Securities and Exchange Commission (SEC) has approved the planned initial public offerings (IPO) of real estate investment trusts (REIT) sponsored by Robinsons Land Corporation (RLC) and Megaworld Corporation with a combined value of P54 billion. The Commission En Banc resolved to render...
