Popular online play-to-earn company Axie Infinity or Sky Mavis is not registered as a corporation with the Securities and Exchange Commission nor does it have a license to sell or trade securities in the Philippines. “The SEC has received numerous inquiries regarding Axie Infinity as well as...
The local stock market started the week lower as investors fret over the rising COVID cases in the country. The main index lost 41.55 points or 0.63 percent to close at 6,592.67 with only the Industrial and Services counters advancing. 28023 Volume was steady at 1.94 billion shares worth P6.29...
The Securities and Exchange Commission (SEC) has ordered Royal O’ Consultancy Services OPC, Royal O’ International Import and Export OPC, and their affiliate companies to stop soliciting investments from the public. In a statement, the SEC said these firms solicit investments under a scheme...
The local stock market finally gave way to profit-taking to end the last day of an upbeat week in the red. The main index dropped 85.29 points or 1.27 percent to close at 6,633.22 as the Holding Firms and Property counters led all sub indices in the retreat. 27538 Volume was steady at 2.04 billion...
The local stock market managed to end higher even after posting losses early in the trading due to a downgrade in the country’s growth target by the government. The main index advanced 38.33 points or 0.57 percent to close at 6,718.51 as Holding Firms continue lead forward with only the...
Over 3,000 public transport workers have already received their first dose of vaccines against coronavirus disease (COVID-19) through the Department of Transportation's (DOTr) inoculation program. (Photo from Department of Transportation Secretary Art Tugade's Facebook) The workers, who include...
The local stock market rallied for the third day as investors are becoming more optimistic over the country’s COVID situation. The main index jumped 118.77 points or 1.81 percent to close at 6,680.18 led by the Holding Firms and Property counters although the Mining and Oil sector continued to...
The local stock market added more gains following better remittances data and in anticipation of positive earnings reports from overseas. The main index hiked 47.73 points or 0.73 percent to close at 6,562.41 as the Property sector continued to lead the advance while the Mining and Oil counter was...
The Securities and Exchange Commission announced that qualified investment companies from the Philippines may now offer their shares to Malaysia, Singapore, and Thailand, and vice versa. This comes after the SEC’s issuance of new rules that will support the implementation of the ASEAN Collective...
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...
