The local stock market continued to weaken as the week started with news of a drop in foreign direct investments (FDI). The main index lost 37.17 points or 0.53 percent to close at 6,940.02 as only Banks held their ground while the Mining sector fell on lower gold prices. Volume was low at 548...
The local stock market continues its bearish trend, breaking below the 7,000 support line, but, cheaper prices and the prospect of a rate cut may encourage buying activity while investors await foreign direct investment and remittance data. "Foreign funds have been exiting the market, and technical...
The Securities and Exchange Commission (SEC) affirmed its global leadership in championing sustainability, receiving top honors from the United Nations Conference on Trade and Development (UNCTAD) for the third time for promoting sustainability reporting. This recognition came during the 41st...
The Philippine Stock Exchange index (PSEi) declined to close the week below the 7,000 support level as investors continued to sell local stocks due to concerns regarding the implications of a Trump presidency and slower economic growth. The main index dropped by 37.26 points, or 0.53 percent,...
The local stock market plunged after the government reported slower-than-expected growth for the Philippine economy and Donald Trump won the US presidential race. The main index fell by 150.98 points, or 2.11 percent, to close at 7,014.44, with the Property sector still leading the decline,...
The local stock market fell due to a possible Trump win in the US elections. The main index lost 92.52 points or 1.27 percent to close at 7,165.42 with the retreat led by the Property sector. Volume dipped to 1.33 billion shares worth P4.58 billion as losers beat gainers 105 to 83 with 49...
The Civil Service Commission (CSC) has recognized the Securities and Exchange Commission (SEC) for attaining the Program to Institutionalize Meritocracy and Excellence in Human Resource Management (PRIME-HRM) Maturity Level III. This makes the SEC the first national government agency to be awarded...
The local stock market surged on news that the inflation rate in October did not rise higher than expected. The main index jumped 121.84 points or 1.71 percent to close at 7,257.94 with the Property sector leading the rally. Volume was still weak though at 1.03 billion shares worth P4.97 billion as...
Lucio Co-led Philippine Bank of Communications (PBCom) has raised P7.69 billion from its oversubscribed maiden issuance of Peso Fixed Rate Bonds. The bank said in a disclosure to the Philippine Stock Exchange that the bonds have been listed on the Philippine Dealing & Exchange Corp....
The local stock exchange traded sideways as investors wait for the US elections and Federal Reserve meeting. The main index shed 6.86 percent or 0.10 percent to close at 7,136.10 with the Mining counter posting the steepest drop while Conglomerates and Services improved. Volume was low at 588...
The Securities and Exchange Commission (SEC) warned corporations that they have less than a month left to clear their record and avoid higher fines and penalties for the late and non-filing of reportorial requirements. Ending on Nov. 30, the SEC Enhanced Compliance Incentive Plan (ECIP) under...
While the recent market decline has brought share prices to attractive levels which may spark some bargain-hunting, stock market investors are seen to be wary due to the US elections and the release of the October inflation data. “The local market has exhibited bearish movements in last week’s...
