Equities market is shifting into a defensive crouch as investors pivot from a broad-based rally toward a granular assessment of corporate earnings and macroeconomic stability. After a volatile start to the year, market participants are scouring fourth-quarter results, foreign direct investment...
Local shares retreated on Wednesday, Feb. 4, as investors locked in profits ahead of inflation report, pausing a rally that had recently pushed the benchmark index above the 6,400 mark. The Philippine Stock Exchange Index (PSEi) fell 29.01 points, or 0.45 percent, to close at 6,372.95. Market...
Stocks surged on Tuesday, Feb. 3, reclaiming the 6,400 level as investors shrugged off recent volatility in favor of an optimistic growth outlook and a massive government spending plan. The benchmark Philippine Stock Exchange index (PSEi) climbed 104.88 points, or 1.67 percent, to finish at...
Billionaire Manuel B. Villar denied allegations of price manipulation and insider trading filed by the Securities and Exchange Commission (SEC), describing the charges as baseless while vowing to defend his family’s business reputation. Villar, the Philippines’ richest person, said in a...
The Philippine Stock Exchange index (PSEi) on Monday, Feb. 2, declined as cautious investors took note of geopolitical tensions while also waiting for the release of January inflation data. The main index dropped 31.89 points, or 0.5 percent, to close at 6,297.08. Miners plunged due to the fall of...
Globe Telecom Inc. received approval from the Philippine Stock Exchange (PSE) to raise as much as ₱25 billion through a sale of non-voting preferred shares to refinance debt and support network expansion. In a notice posted on the bourse’s website, the PSE said the Ayala-led carrier will offer...
Investors in equities are turning their focus to upcoming inflation data as catalyst for potential interest rate cuts, seeking signs that price pressures have cooled enough for the central bank to pivot toward easing. The release of February’s consumer price index will be weighed alongside recent...
The Securities and Exchange Commission (SEC) filed criminal charges against Villar Land Holdings Corp., its top executives, and related entities for alleged market manipulation and insider trading. In a complaint filed with the Department of Justice on Jan. 30, the regulator accused the company of...
The Philippine Stock Exchange index (PSEi) on Friday, Jan. 30, bounced and recovered most of the previous day’s losses as the lower economic growth rate may lead to another policy rate cut. The main index jumped by 105.61 points, or 1.7 percent, to close at 6,328.97. Banks surged, while miners...
The Securities and Exchange Commission (SEC) has overhauled the guidelines governing the registration of qualified buyers for private stock placements, moving to standardize how banks and brokerages vet high-net-worth investors. The corporate regulator issued Memorandum Circular No. 5, Series of...
Local stocks climbed for the second consecutive session as a strengthening peso and a narrowing trade gap bolstered investor confidence ahead of key economic growth data. The Philippine Stock Exchange index (PSEi) advanced 48.88 points, or 0.78 percent, to finish at 6,355.78 on Wednesday, Jan. 28....
Equities snapped a multi-day losing streak Tuesday, Jan. 27, as investors swooped in to pick up beaten-down shares following an upgraded growth outlook from the Asian Development Bank (ADB) and resilient export data. The Philippine Stock Exchange index (PSEi) gained 33.03 points, or 0.53 percent,...
