The local stock market plunged after the government announced lower-than-expected GDP figures for the first quarter. The main index fell 116.72 points or 1.75 percent to close at 6,542.46 as Conglomerates led the retreat although the Industrial counter managed to advance. Volume was higher at 491...
The local stock market advanced on positive trade and employment data. The main index rose by 40.60 points or 0.61 percent to close at 6,659.18 although sectoral indices were evenly divided. Volume improved to 434 million shares worth P5.98 billion as gainers outnumbered losers 99 to 91 with 40...
The local stock market weakened after the government reported that the inflation rate rose again in April. The main index shed 33.91 points or 0.51 percent to close at 6,618.58 with sectoral indices evenly divided. Volume jumped to 7.9 billion shares worth P11.5 billion as losers beat gainers 98 to...
NEW YORK — U.S. stocks rose Monday and added to their gains from last week, as technology companies once again led the way. The S&P 500 rose 52.95, or 1%, to 5,180.74. The Dow Jones Industrial Average added 176.59, or 0.5%, to 38,852.27, and the Nasdaq composite jumped 192.92, or...
The local stock market rose a day before the government releases the April inflation data as upbeat first quarter corporate results start trickling in. The main index hiked 36.94 points or 0.56 percent to close at 6,652.49 led by the Industrial sector while the Property counter remained weak....
(AP) -- Wall Street capped a choppy week of trading Friday with the best day for the stock market in over two months, as traders welcomed cooler-than-expected U.S. employment data as a sign that inflationary pressures on the economy are easing. The S&P 500 rose 1.3%, its best day since late...
The Securities and Exchange Commission (SEC) announced that it has filed a criminal complaint against Abra Mining & Industrial Corporation (AR), its directors, officers, transfer agent and certain stockholders for the unauthorized and fraudulent trading of shares. In a complaint-affidavit filed...
Stock market investors will be taking their cue from the April inflation data to be released this week as this could affect interest rates while also looking forward to the release of the country’s gross domestic product (GDP) numbers. “Investors are still moving in a cautious tone, evidenced...
Concern over higher inflation for April continued to weigh on the local stock market. The main index declined 31.00 points or 0.47 percent to close at 6,615.55 due to the weakness of the Property and Services counters as most other sectors were in the green. Volume rose to 764 million shares worth...
NEW YORK — U.S. stocks climbed Thursday to trim the majority of their losses for the week. The S&P 500 rose 45.81 points, or 0.9%, to 5,064.20 a day after swinging sharply when the Federal Reserve said it's likely delaying cuts to interest rates but not planning to hike them. It more...
Jollibee Foods Corporation, one of the largest Asian food service companies, is amending its Articles of Incorporation so it can no longer directly own real estate, a move that will pave the way for more foreign shareholders in the most successful homegrown Filipino brand. In a disclosure to...
The Securities and Exchange Commission (SEC) has received its sixth and seventh Global Good Governance (3G) Awards from Cambridge International Finance Advisory. The Commission received the 3G Best Corporate Governance Policy & Disclosure Award and the 3G Transparency Award 2024 during the 9th...
