The local stock market continued to lose ground after failing to stay above the 7,000 level. The PSEi shed 49.43 points or 0.71 percent to close at 6,943.00 as share prices fell across the board with the Services counter leading the retreat. PH STOCKS Volume was anemic at 1.7 billion shares worth...
The local stock market weakened despite the announcement of a lower inflation rate as investors opted to sell on news. PH STOCKS The main index dropped 43.95 points or 0.62 percent to close at 6,992.43 with the Property sector registering the biggest decline while the Services counter was the only...
The Securities and Exchange Commission (SEC) has revoked the Certificate of Authority (CA) of Familyhan Credit Corporation so it can no longer operate as a lending company. This comes after the firm was found to have engaged in unfair debt collection practices and failed to disclose the true cost...
The Securities and Exchange Commission (SEC) has approved the planned P14.92 billion initial public offering (IPO) of the real estate investment trust (REIT) sponsored by Filinvest Land, Inc. (FLI). The Commission En Banc resolved to render effective the registration statement of Cyberzone...
Local share prices rose, as they continue to ride on a wave of growing optimism among investors. The PSEi added 34.12 points or 0.49 percent to close at 7,036.38 as the Industrial and Property indices led the advance with only the Financials counter retreating. However, volume dropped to 1.79...
Stock market investors will be watching out for the June inflation figure to be released this week while becoming more optimistic as COVID-19 starts to ease and the vaccination drive gains momentum with the arrival of vaccines ordered by the private sector. “The improving COVID-19 situation in...
The Philippine Stock Exchange is bullish about the prospects of capital raising activities by local firms this year and hopes to equal if not surpass the all-time high P228.33 billion raised in 2012. In an interview after the PSE annual stockholders’ meeting, PSE President Ramon S. Monzon noted...
The Philippine Stock Exchange, Inc. (PSE) reported that companies raised a total of P122.46 billion in capital through the bourse during the first half of the year, 18 percent more than the P103.76 billion raised in the entire 2020. 16451 Capital raising activities for the period included two...
The local stock market rebounded on the back of the release of stronger jobs and production data. The PSEi gained 62.10 points or 0.90 percent to close at 6,964.01 as the Mining and Oil counter led the rise across the board. 16459 Volume surged to 2.93 billion shares worth P13.52 billion as...
The local stock market dropped after approaching the 7,000 resistance level as investors chose to pocket gains rather than push up share prices. PH STOCKS The main index lost 54.74 points or 0.79 percent to close at 6,901.91 as the Property sector led the retrear although sub-indices were evenly...
The Philippine Stock Exchange has approved Cirtek Holdings Philippines Corporation’s planned stock rights offering with bonus detachable warrants that will raise a total of P2.74 billion. Cirtek has set the final offer price at P5.50 per entitlement right and final exercise price at P 5.50 for...
The local stock market recovered the previous losses as it continues to move sideways due to a lack of fresh leads. The main index rose 18.69 points or 0.27 percent to close at 6,956.65 as Banks led the advance with only the Property and Industrial counters retreating. Volume remained thin with...
