The local stock market started the week strong on news of easing quarantine restrictions although gains were reduced by late profit-taking. The main index added 44.04 points or 0.61 percent to close at 7,296.01 with the Property sector leading the advance across the board. Volume dipped to 1.28...
The Philippine Stock Exchange has halted the trading of DITO CME Holdings Corporation, the Udenna Group’s media, communications, entertainment and information technology (“IT”) subsidiary, pending the submission of a full and comprehensive disclosure on its unilateral move to defer its...
Blaming market conditions, DITO CME Holdings Corporation has formally informed the Philippine Stock Exchange that it is deferring its P8 billion stock rights offering but the bourse said it has yet to approve the deferment. “The Exchange was notified by DITO CME Holdings Corp. that its...
The local stock market is seen to be swayed by corporate earnings reports, the government’s decision on whether to ease quarantine restrictions, as well as lingering concern over US interest rates. “Next week, we expect the local market to take cues from the government’s decision on the alert...
The Securities and Exchange Commission (SEC) has approved the planned P3.15 billion stock rights offering of Philex Mining Corporation to fund the development of its Silangan mine. The Commission En Banc resolved to render effective the registration statement filed by Philex Mining for a stock...
The PSEI lost the previous day’s gains as it ended what has been a week of see-saw trading. The main index shed 22.55 points or 0.30 percent to close at 7,251.97 as the Property sector led the retreat although the Banks and Industrial sectors posted strong gains. Volume jumped to 1.2 billion...
The local stock market bucked the regional trend and managed to move up after the release of better-than-expected economic numbers for the last quarter of 2021. The main index gained 19.91 points or 0.27 percent to close at 7,273.52 as Banks led the advance although the Holding Firms and Mining and...
The Philippine Stock Exchange (PSE) is considering to return to full-day trading now that the Omicron-fuelled COVI-19 surge is seen to have peaked in Metro Manila and projected daily cases are seen to drop even further next month. In an announcement that was later removed, the PSE said that it was...
The Securities and Exchange Commission (SEC) has approved the planned public offering by Century Properties Group Inc. (CPGI) of P6 billion worth of fixed-rate bonds under shelf registration. In its meeting on Jan. 25, the Commission En Banc resolved to render effective the registration statement...
The PSEi lost the previous day’s gains as investors trade cautiously while waiting for the US Federal Reserve to announce the results of its ongoing meeting. The main index dropped 34.69 points or 0.47 percent to close at 7,253.61 as Banks led the decline while the Mining and Oil counter bucked...
The local stock market rose as investors have become cautiously optimistic that quarantine measures may be eased in the National Capital Region where the COVID-19 variant Omicron surge appears to have peaked. The main index gained 35.57 points or 0.49 percent to close at 7,288.21 as the Industrial...
The Department of Transportation (DOTr) is looking to open vaccination sites in various transport terminals such as rail lines, airports, and seaports nationwide as part of efforts to encourage more people to get inoculated against the coronavirus disease (COVID-19). 'WE VAX AS ONE' —...
