The local stock market lost most of the day’s gains as investors took profits, but the index still ended in positive territory. The main index added 9.30 points or 0.14 percent to close at 6,618.52 mainly on gains of Banks as more sectoral indices retreated. Volume improved to 405 million shares...
The local stock market took a breather as investors digested recent gains while waiting for fresh economic data here and from overseas. The main index shed 20.42 points or 0.31 percent to close at 6,609.22 as Conglomerates led the decline while the Property and Industrial counters managed to remain...
The Securities and Exchange Commission (SEC) announced its revocation of the corporate registration of Infinity8Networks Digital Services OPC and the slapping of an administrative fine of P1 million against the firm for illegally soliciting investments from the public. In an order, the SEC...
This week, investors in the local stock market will seek fresh catalysts to support the uptrend in share prices and will be looking out for the US inflation rate as well as the Philippine labor and foreign direct investments data. “The market has been on an uptrend since bottoming last October...
The Securities and Exchange Commission (SEC) has approved the planned issuance by Century Properties Group Inc. (CPGI) of up to P5 billion worth of preferred shares subject to some conditions. In a disclosure to the Philippine Stock Exchange (PSE), CPGI said it has received the Pre-Effective Letter...
The Securities and Exchange Commission (SEC) has filed a criminal complaint against Eton Phil Non-Specialized Wholesale Trading for its alleged unauthorized investment solicitation activities. The SEC identified the top company officials and agents of Eton Trading as respondents in the criminal...
The Securities and Exchange Commission (SEC) has issued advisories to the public against dealing with BNY PAL (Benta Paluwagan) and One 1Key Progress Booster (OKPB) Inc. due to their unauthorized solicitation of investments without the necessary license from the Commission. The SEC said BNY PAL...
The local stock market declined as investors were quick to take profits from the previous day’s rally. The main index dropped 55.16 points or 0.84 percent to close at 6,498.88 as Banks led the slide across the board. Volume thinned further to 182 million shares worth P3.11 billion as gainers...
The Securities and Exchange Commission (SEC) reported that it has registered a new record in terms of company registrations in 2023, a testament to the ease with which new businesses can be established in the Philippines. In a statement, the SEC said a record high of 46,445 firms successfully...
The PSEi opened the new trading year with a bang as optimistic investors trickled back into the market. The main index surged 104 points or 1.61 percent to close the first trading session at 6,554.04 as Conglomerates and Services rallied to offset the decline of the Property and Mining counters....
The Philippine Stock Exchange (PSE) expects to raise P175 billion worth of capital in 2024 amid a more upbeat equities market with six companies seen to launch their initial public offerings (IPO) this year compared to just three in 2023. “Our capital raising forecast is P175 billion, around P40...
The local stock market is not seen to start strong on the first trading week of the new year as investors wait for fresh economic data that will hopefully serve as catalysts for a rally. “Investors may start 2024 still on a cautious note as there remains no catalyst for the local bourse....
