On the back of its record performance in 2023, the Securities and Exchange Commission (SEC) is heading towards 2024 with “optimism and vigor” to help advance the national government’s vision of robust economic growth. SEC Chairperson Emilio B. Aquino said that “2023 was a record year for...
Investors in the local stock market have reason to be guardedly optimistic about 2024 following a lackluster trading in 2023. “The expected improvement in macroeconomic indicators are poised to drive market conditions in 2024,” said Philippine Stock Exchange (PSE) President and CEO Ramon S....
The Philippine Stock Exchange index (PSEi) dropped 1.8 percent to 6,450.04 at the end of 2023 from its closing figure on the last trading day of 2022. The bourse said its daily average value turnover was at P6.09 billion in 2023, down by 16.5 percent from 2022’s P7.30 billion average. (L-R): PSE...
The Securities and Exchange Commission (SEC) has made it easier for corporations to comply with their reportorial requirements. This is done by integrating certain reportorial requirements with the registration process and providing for the automatic enrollment of newly registered corporations in...
The local stock market fell on its last trading day of the year as investors preferred to hold on to cash during the long weekend. The PSEi lost 69.07 points or 1.06 percent to close at 6,450.04, dragged down by Conglomerates which fell 3.41 percent. Volume rose to 1.12 billion shares worth P4.88...
The Philippine stock market has been underperforming against its regional peers as of mid-December as the local bourse has been seeing weak trading volumes while foreign funds continued to leave. According to Philstocks Financial Research Manager Japhet Tantiangco, “as of December 15, 2023, the...
The local stock market returned to the 6,500 level as share prices rode on positive sentiment in the US bourses. The main index rose by 56.31 points or 0.87 percent to close at 6,519.11 as the Industrial sector led all counters in the advance. However, volume dropped to 385 million shares worth...
The local stock market is seen to benefit this short trading week from a combination of window-dressing and profit-taking as well as the carry over of positive sentiment from expectations of rate cuts next year. “The final three trading days of the year will see a mix of window dressing and...
The Securities and Exchange Commission (SEC) has ordered Superbreakthrough Enterprises Corporation to stop illegally soliciting investments from the public. The Commission En Banc directed Superbreakthrough Enterprises, which has been doing business under the name 1UP Time, to immediately cease and...
Securities and Exchange Commission (SEC) Chairperson Emilio B. Aquino wrapped up a milestone year with the Outstanding Professional of the Year Award from the Professional Regulation Commission (PRC). The award was given in recognition of his contributions in the field of accountancy. SEC...
The Securities and Exchange Commission (SEC) is warning the public against investing in Iloilo-based Salon de Pamplona as it was found to be soliciting investments without the necessary licenses. In an advisory, the Commission said that Salon de Pamplona is not authorized to sell or offer...
The local stock market rose to rest just above the 6,500 level on the last trading day before Christmas on the back of higher US bourses. The main index added 31.77 points or 0.49 percent to close at 6,501 as the Industrial sector led the advance while Banks dipped into the red. Volume fell to 536...
