Stocks market investors will be looking mainly towards the US Federal Open Market Committee meeting and corporate earnings reports for cues this week even as there remains more room for bargain-hunting amid improving trading data. “The local market has already exhibited a golden cross as its...
The Philippine Stock Exchange announced that the mid-year edition of its PSE STAR: Investor Day will see the participation of 14 publicly listed companies (PLCs) in a live briefing scheduled from August 14 to 16, 2024. As in previous runs, the virtual event will showcase...
The PSEi ended the week on positive footing after Typhoon Carina finally left the country. The main index rose by 55.74 points or 0.84 percent to close at 6,726.01 led by the Property sector with only Miners in the red. However, volume remained tepid at 924 million shares worth P4.37 billion as...
The Securities and Exchange Commission (SEC) has issued new rules to regulate the sale of properties with rental pool agreements. The Commission issued Memorandum Circular No. 12, Series of 2024, on Securing and Expanding Capital in Real Estate Investment Transactions (SEC RENT) in line with the...
Local share prices fell in the aftermath of Typhoon Carina even as sentiment was also dampened by weaker US markets. The main index lost 82.85 points or 1.23 percent to close at 6,670.27 as Miners led the drop across the board. Volume was weak at 553 million shares worth P3.98 billion as losers...
The local stock market rose after President Ferdinand R. Marcos Jr.’s State of the Nation Address despite the drop in property stocks due to the announced POGO ban. The main index rose by 41.07 percent or 0.61 percent to close at 6,753.12 as Conglomerates led the advance while the Property and...
Investors of SM Prime Holdings Inc. (SMPH) who bought shares during its initial public offering (IPO) in 1994 and held on to them for the next 30 years have now seen their investments balloon by 972.6 percent. (from left): SMPH Executive Committee Chairman Hans T. Sy, SMPH Vice Chairperson...
The local stock market dropped on profit-taking, prompted partly by the withdrawal of US President Joe Biden as candidate for reelection later this year. The PSEi lost 79.64 points or 1.17 percent to close at 6,712.05 with the Services sector leading the retreat while the Property and Mining...
The Securities and Exchange Commission (SEC) has received the Level 3 Philippine Quality Award (PQA) from the Office of the President for mastery in quality management and performance excellence. In a statement, the SEC said the PQA is the highest national recognition for exemplary organizational...
Real estate giant Ayala Land Inc. (ALI) has successfully raised P20.5 billion through its pioneering Sustainability-Linked Financing (SLF) Program after securing a loan from the International Finance Corporation (IFC). Management Committee Members and Executives of Ayala Land, Inc., Securities and...
The Securities and Exchange Commission is still pursuing the development of the crowdfunding sector despite recent setbacks experienced by the first companies that entered the local market. Crowdfunding is a fundraising activity typically conducted by startups and small and medium enterprises...
Sentiment at the local stock market is still seen to be buoyed by expectations of a rate cut although some stocks may be vulnerable to profit-taking following recent gains. “We continue to see a build up in positive momentum for the local bourse as it extends its rally to a fourth straight week....
