The local stock market declined after a positive start as investors chose to pocket gains while waiting for fresh economic data. The main index dropped 21.72 points or 0.31 percent to close at 6,891.49 although sectoral indices were equally divided. Volume remained thin at 677 million shares worth...
Currently on a five-week winning streak, the local stock market will be looking to large-cap earnings reports to see if the 7,000 resistance level will be breached this week. “The local market is already running on a 5-week winning streak with a total gain of 6.30 percent. Chartwise, the market...
The PSEi surged to 6,990 in the morning session on upbeat sentiment but the rally lost steam as investors cashed out for the weekend. The main index still managed to add 10.06 points or 0.15 percent to close at 6,913.21 led by the Industrial sector although Conglomerates and Mining firms retreated....
The Securities and Exchange Commission (SEC) has made it faster for power generation companies and distribution utilities to raise funds from public offerings by streamlining its registration process. The Commission has issued SEC Memorandum Circular No. 4, Series of 2024, aimed at Securing and...
Finance Secretary Ralph G. Recto expressed his gratitude to the Philippine Stock Exchange (PSE) for its support and trust in his appointment. At a recent event hosted by the PSE to celebrate the new finance chief's appointment, Recto shared that this support “means a lot” for him as he...
The local stock market inched up to the 6,900 level although some investors have started profit-taking. The main index added 5.79 points or 0.08 percent to close at 6,903.15 with sectoral indices equally divided. Volume was stable at 529 million shares worth P4.92 billion as gainers outnumbered...
The Securities and Exchange Commission (SEC) announced that corporations may now file amendments to their articles of incorporation (AoI) or by-laws online as part of its efforts to launch new digital systems that will streamline and automate its processes. The Commission recently issued SEC...
The Philippine Stock Exchange Index (PSEi) rose on the back of strong corporate earnings as well as hopes that the Bangko Sentral ng Pilipinas (BSP) will cut rates soon. The main index moved up 42.70 points or 0.62 points to close at 6,897.36 as the Property counter led with a strong recovery while...
After several extensions of its amnesty period, the Securities and Exchange Commission (SEC) has ordered the suspension of the corporate registration of about 118,000 corporations for failure to comply with reportorial requirements. In an order dated Feb. 16, the SEC Company Registration and...
The local stock market rebounded after two days of profit taking on renewed rate cut hopes. The main index rose by 56.05 points or 0.82 percent to close at 6,854.66 as the Services sector led the advance although the Industrial and Mining counters continued to retreat. Volume improved to 520...
The local stock market fell as investors continued to take profits made during the recent rally. The main index lost 74.62 points or 1.09 percent close at 6,798.61 as the Property counter led all sectors in the retreat. Volume was thin at 637 million shares worth P4.22 billion as losers whalloped...
While there is already some selling pressure, the local stock market is seen to retest the 7,000 resistance level this week as sentiment remains bullish on the back of good economic numbers. Philstocks Financial Research Manager Japhet Tantiangco said, “the local market remained bullishly...
