Because of the pandemic and temporary suspension of some of its open market facilities, the Bangko Sentral ng Pilipinas (BSP) earned less in the second quarter, reducing its six-month net income to P13.714 billion or 54.1 percent lower than same time in 2019 of P29.883 billion. The BSP has been...
The local stock market is seen to continue to consolidate this week due to the absence of any market moving news. “So far, confidence towards the local market remains low due to the lack of an impetus that could boost appetite amid the lingering uncertainties in our economy and in our COVID-19...
The Securities and Exchange Commission (SEC) has approved the shelf registration of SM Investments Corporation’s P30 billion worth of fixed-rate bonds. The Commission En Banc resolved to render effective the registration statement of SMIC for debt...
The local stock market ended the last trading day of the week lower as investors continue to lock in gains. The PSEi shed 34.62 points or 0.58 percent to close at 5,908.90 with sectoral indices evenly mixed. Volume rose to 767 million shares worth P7.64 billion with gainers and losers tied at 94...
Share prices dropped Wednesday as investors were quick to pocket gains amid uncertainties. The Philippine Stock Exchange index dropped 71.59 points, or 1.19 percent, to close at 5,946.62 with only the Mining and Oil counter managing to advance. Volume was slightly lower at 652 million shares...
Alsons Consolidated Resources Inc. (ACR) of the Alcantara group has listed its P1.0 billion commercial papers issuance with the Philippine Dealing and Exchange Corporation (PDEx), according to the company’s disclosure with the Philippine Stock Exchange. The P1.0 billion issue forms the second...
Fruitas Holdings, Inc. (FHI) re-allocating P165 million of its initial public offering proceeds to cover the acquisition of the site of its buko (young cononut) water commissary and its new headquarters. In a disclosure to the Philippine Stock Exchange, the firm said the P165 million is part of the...
The local stock market posted some gains on Monday as investors are becoming more upbeat about the reopening of the economy. The Philippine Stock Exchange index (PSEi) added 29.18 points, or 0.49 percent, to 5,997.14 although sectoral indices were evenly mixed. Volume remained weak at 1.13...
Stock market investors are seen to remain cautious this week and will be looking to the US Federal Reserve’s meeting for cues on whether to buy into the market or wait for more catalysts. Online brokerage firm 2TradeAsia.com said results of the Fed’s first convening will be announced on...
The local stock market ended the week on a positive note on Friday as investors continued to pick up bargains. The Philippine Stock Exchange index (PSEi) rose by 65.57 points, or 1.11 percent, to close at 5,967.96 with only the Financials and Mining and Oil sectors in the red. Volume...
