The Philippine Stock Exchange, Inc. index (PSEi) closed higher year-on-year for the first time since 2019, up by 78.75 points or 1.2 percent to 2024 at 6,528.79 points from its close of 6,450.04 in 2023. In a statement, the PSE said that, year-on-year, the PSE MidCap and PSE DivY indices...
The local stock market dipped on the last trading day of the year as index heavyweights continued to drag down the PSEi even though more stocks were up. The main index shed 10.23 points or 0.16 percent to close 2024 at 6,528.79 as Banks suffered the biggest loss while Mining stocks surged. Volume...
The Philippine Stock Exchange, Inc. (PSE) is set to reshape the country's capital markets with its acquisition of a controlling stake in the Philippine Dealing System Holdings Corporation (PDS). In a statement on Thursday, Dec. 26, the PSE announced that it had signed agreements to acquire a 61.92...
The Philippine Stock Exchange Index (PSEi) managed to eke out a gain despite some index heavyweights weakening and offsetting the broader market's gains. The main index added 4.11 points, or 0.06 percent, to close at 6,539.02, with the Property sector leading the advance while the Conglomerates and...
The Securities and Exchange Commission (SEC) reported that it has received the Outstanding Digital Campaign: Best Short-Form award from the Presidential Communications Office (PCO) for its exemplary initiative to inform, educate and protect the public from fraudulent loan schemes. In a ceremony...
Santa Claus finally paid the local stock market a visit, sparking off some recovery on the last trading day before Christmas. The main index surged by 128.53 points or 2.01 percent to close at 6,534.91 with the Industrial sector leading the rally across the board. Volume was thin at 713 million...
Investor sentiment in the local stock market is expected to remain bearish this week due to prospects of fewer rate cuts in 2025, a weakening peso, and concerns related to the government’s budget for next year. "The local market is turning more bearish as it extended its decline last week," said...
The Securities and Exchange Commission has been commended by the Office of the President for championing the business sector and the investing public. In a statement, the SEC said Special Assistant to the President (SAP) for Investment and Economic Affairs of the Philippines Frederick D. Go lauded...
The Securities and Exchange Commission (SEC) has made permanent its cease and desist order (CDO) against Humanitarian and Spiritual Mission Apostulates of Davao and Asia Inc., HASMADAI Foundation Inc. and Humanitarian Institute of Technology Corp. for their unauthorized solicitation of investments....
The Securities and Exchange Commission (SEC) has received the GCash Digital Excellence Award 2024 for fostering the growth of innovative financial products and services while ensuring the protection of financial consumers. In conferring the award to the SEC, mobile payment services GCash cited the...
The local stock market dropped below the 6,400 level after the US Federal Reserve signaled a slower pace of rate cuts next year. The main index fell 73.48 points or 1.14 percent to close at 6,395.60 with the Mining and Oil sector suffering the biggest loss. Volume grew to 595 million shares worth...
The local stock market dropped further as the peso weakened prior to expected rate cuts in the US and by the Bangko Sentral ng Pilipinas. The main index lost 32.63 points or 0.50 percent to close at 6,469.08 as Banks continue to lead the retreat while Industrials and Services bounced. Volume was...
