The local stock market continued to rally on the back of gains in US bourses and hopes of a recovery in the local economy. (Photo credit: https://www.pse.com.ph) The main index jumped 180.72 points or 2.80 percent to close at 6,644.77 although the Mining and Oil counter retreated. Volume rose to 5...
The local stock market surged at the start of the US elections as investors look forward to an end in the guessing game over who will lead the world’s most influential economy in the next four years. The PSEi rose 128.49 points or 2.03 percent to close at 6,464.05 as share prices rose...
All eyes will be on the outcome of the US elections this week while third quarter earnings and lingering concern over COVID-19 will provide cues at the local front. Traders work beneath an electronic ticker at the trading floor of the Philippine Stock Exchange in Bonifacio Global City...
Robinsons Retail Holdings, Inc. reported a 13.9 percent drop in attributable net income to P2.4 billion in the first nine months of 2020 due to the impact of quarantine restrictions imposed to stem the spread of COVID-19. In a disclosure to the Philippine Stock Exchange, RRHI noted though...
The local stock market weakened further as investors continue to lock in their gains. Traders work beneath an electronic ticker on the trading floor of the Philippine Stock Exchange in Bonifacio Global City (BGC) Metro Manila, the Philippines. (Bloomberg FILE PHOTO) The main index dropped 37.29...
Megawide Construction Corporation reported that its shareholder Citicore Holdings Investment Inc. has subscribed to 13.5 million of Megawide’s Series 3 preferred shares. In a disclosure to the Philippine Stock Exchange, the firm said this serves as initial subscription for the increase in the...
The central bank’s long positions in foreign exchange (FX) swaps went up by $1.67 billion in July to August after reviving activity in the second half this year. The Bangko Sentral ng Pilipinas’ (BSP) FX swaps increased to $4.49 billion in August from $2.82 billion in July, and from $1 billion...
PSE file photo (Photo credit: https://www.pse.com.ph) The local stock market finally succumbed to profit-taking as investors used the weakness in US bourses as an excuse to sell. The main index dropped 76.11 points or 1.17 percent to close at 6,415.08 as share prices declined across the board....
The local stock market managed to rise a few points after opening weaker as the listing of Converge ICT failed to inject excitement among investors. PSE file photo (Photo credit: https://www.pse.com.ph) The main index gained 7.13 points or 0.11 percent to close at 6,491.19 withe sectoral indices...
The share price of broadband internet service provider Converge Information and Communications Technology Solutions Inc. dropped upon its debut at the Philippine Stock Exchange. Converge shares closed at P15.22 per share, 9.4 percent lower than its initial public offering price of P16.80...
The local stock market recovered from early profit taking due to the improvement in COVID-19 numbers as well as prospects of a US stimulus package. Traders work beneath an electronic ticker at the trading floor of the Philippine Stock Exchange in Bonifacio Global City (BGC).(Bloomberg file photo)...
Ayala-owned AC Energy Philippines (ACEN) has executed a new subscription agreement with subsidiary Ingrid Power Holdings Inc. for the parent firm to purchase specified number of shares; then the proceeds of that transaction will bankroll the first phase of the latter’s 300-megawatt Pililla...
