Tensions in the Middle East are threatening to stop the stock market bull in its tracks, although the low September inflation may continue to boost investor sentiment as it may lead to lower interest rates and higher consumer spending. Philstocks Financial Research Manager Japhet Tantiangco said...
The number of initial public offerings is expected to surge next year as the expected decline in interest rates increases the attractiveness of equities versus fixed-income securities. In an interview at the sidelines of the EJAP-AboitizPower Renewable Energy Forum, BDO Capital and Investment...
The PSEi saw its gains peter out in late trades as investors exercise caution amid growing tensions in the Middle East. The main index shed 13.89 points or 0.19 percent to close at 7,388.92 with sectoral indices equally split. Volume rose to 1.01 billion shares worth P7.38 billion as gainers beat...
The local stock market improved as investor sentiment continues to be buoyed by expectations of lower inflation and more rate cuts. The main index added 22.49 points or 0.30 percent to close at 7,402.81 with the Mining sector leading the advance although the Industrial and Property counters were in...
The local stock market recovered most of the previous day’s losses following the release of positive economic data and outlook. The main index jumped 107.67 points or 1.48 percent to close at 7,380.32 led by the strength of the Property sector. Volume dipped though, to 1.13 billion shares worth...
The Securities and Exchange Commission (SEC) is exploring the revival of a futures market in the Philippines decades after a commodity and currency futures bourse was shut down due to irregularities. In a statement, the SEC said it is looking to develop a futures market to expand options for...
The local stock market fell on continued profit-taking as investors wait for key economic data to be released later this week. The main index plunged by 155.65 points or 2.1 percent to close at 7,272.65 with Conglomerates suffering the biggest loss. Volume was still strong at 1.08 billion shares...
The local stock market is seen to remain bullish and try to breach the 7,500 level this week although there will continue to be bouts of profit-taking—making it more volatile. While the Philippine Stock Exchange is already in a bull market, Philstocks Financial Research Manager Japhet Tantiangco...
While US bourses hit new highs, the PSEi eased lower on some profit-taking as it gathers more momentum before trying to breach the 7,500 level. The main index shed 30.44 points or 0.41 percent to close at 7,428.30 with Banks being the main drag as Industrials was flat while most sectors actually...
The Philippine Stock Exchange is planning to launch Global Philippine Depositary Receipts (GPDRs) as a means to allow Philippine investors to trade in stocks listed in overseas bourses. Prior to the launch, the PSE has issued a memorandum seeking public comments on its Proposed Rules for Global...
The local stock market made a strong bounce after a bout of profit-taking as the country’s economic outlook turns rosier. The main index jumped 96.12 points or 1.31 percent to close at 7,458.74 as Banks led the recovery while Miners lagged behind. Volume rose to 1.18 billion shares worth...
The local stock market finally succumbed to profit-taking after rallying in the past week. The PSEi dropped 69.59 points or 0.94 percent to end at 7,362.62 as Banks led the retreat while Miners bucked the trend as gold prices rise. Volume remains robust at 1.07 billion shares worth P8.05 billion as...
