With the Christmas season in full swing, the local stock market is seen to gather optimism from hopes of rates cuts by both the Federal Reserve and the Bangko Sentral ng Pilipinas this month. “The local market was able to bounce back last week and close at the 6,700 - 6,800 support range. This...
Securities and Exchange Commission (SEC) Chairperson and CEO Emilio B. Aquino received the 2024 The Outstanding Filipino (TOFIL) Award for Government and Public Service, leading six other awardees in their respective fields. In a statement, SEC said that Aquino received the highest honor in the...
The local stock market recovered the previous day’s loss as investors see inflation keeping within the Bangko Sentral ng Pilipinas’ target range despite rising faster last month. The main index rose by 39.37 points or 0.57 percent to close at 6,729.14 as Conglomerates led the advance while...
Local share prices eased for the third straight day due to the higher inflation rate for November. The main index dropped 39.19 points or 0.58 percent to close at 6,690.77 as the Services sector led the retreat while Conglomerates and Miners bucked the trend. Volume was lower at 863 million shares...
The local stock market benchmark ended marginally lower again as investors wait for the release of Philippine inflation numbers for November. The main index inched down by 4.25 points or 0.06 percent to close at 6,729.96 although only Conglomerates and Miners were in the red. Volume rose to 494...
The PSEi dipped as investors continue to wait for cues from the upcoming release of economic data this week. The main index shed 8.68 points or 0.13 points to close at 6,734.21 as Conglomerates led the decline while the Services and Mining counters advanced. A total of 492 million shares worth...
The Securities and Exchange Commission (SEC) has again extended the deadline for non-compliant, delinquent, suspended, and revoked corporations to take advantage of lower fines and penalties for the late and non-filing of their reportorial requirements. The Commission issued SEC Memorandum Circular...
The local stock market is expected to move sideways this week as stocks are at bargain levels, but negative sentiment ahead of inflation data could still impact prices. “With the market at attractive levels, we may see some instances of bargain hunting. However, we expect lingering concerns to...
Share prices plunged again as the market remains volatile, this time as investors worry about the plan of incoming US President Donald Trump to slap fresh tariffs on imports. The main index fell 104.27 points or 1.53 percent to close at 6,702.59 with Conglomerates suffering the biggest loss. Volume...
The peso fell again to the P59 mark against the dollar on Tuesday, Nov. 26, primarily due to US President-elect Donald Trump’s intention to impose additional tariffs on products from several countries. Data from the Bankers Association of the Philippines showed that the local currency fell by...
The PSEi declined as investors exercised caution while waiting for developments in the US. The main index dropped 43.14 points or 0.63 percent to close at 6,806.86 as the Services sector led the retreat with only Banks managing to advance. Volume fell to 588 million shares worth P4.6 billion as...
The local stock market recovered some lost ground as investors wait for fresh US and Philippine economic data to be released later this week. The main index added 69.87 points or 1.03 percent to close at 6,850 as the Services sector led all sub-indices higher. Volume rose to 701 million shares...
