The PSEi managed to eke out a marginal gain after bargain hunters lifted it out of negative territory. The main index inched up by 1.46 points or 0.02 percent to close at 6,305.99 with sectoral indices evenly divided. Volume improved to 856 million shares worth P5.94 billion as losers...
The Philippine Stock Exchange (PSE) has made its Guidelines for Short Selling Transactions effective immediately after regulators approved critical components of securities borrowing and lending (SBL). The bourse noted that, “short selling can only function if an SBL program is in place.”...
The local stock market dipped as investors take profits ahead of the release of economic data here and in the US. The main index declined by 16.71 points or 0.26 percent to close at 6,304.53 as the Property counter led the retreat while the Industrial and Services sectors advanced. Volume...
The Securities and Exchange Commission (SEC) has partnered with the United Nations Office on Drugs and Crime (UNODC) and Open Ownership (OO) in using its beneficial ownership data (BOD) to promote tax integrity. Last Sept. 22, the SEC conducted a focus group discussion (FGD) on Beneficial Ownership...
Investors in the local stock market will be watching out for the September inflation numbers on Oct. 5 after its strong performance last week. “Despite last week’s rally, the local market remains at attractive levels as its price to earnings ratio as of September 29 is at 13.61 times, below its...
The Philippine Stock Exchange (PSE) is removing Union Bank of the Philippines (UnionBank/UBP) from the PSEi, PSE Dividend Yield (PSE DivY), and Financials indices starting Oct. 4, 2023. In a memorandum, the bourse said that “a downward adjustment was made to UBP's free float that resulted...
The local stock market ended its six-day rally and finally gave way to profit-taking on the last trading day of the week, month, and end of the third quarter. The main index fell by 64.28 points or 1.01 percent to close at 6,321.24 as the Services sector led the retreat although Miners managed to...
After repeated warnings of drastically increasing penalties by October, the Securities and Exchange Commission (SEC) has granted a final one-month extension for amnesty applications of non-compliant and suspended or revoked corporations. Corporations, which have incurred penalties for the...
The PSEi rose again as the removal of Metro Pacific Investments Corp. (MPIC) and Aboitiz Power Corp. (AboitizPower) from the benchmark boosted trading in other stocks although profit taking tapered gains. The main index added 10.84 points or 0.17 percent to close at 6,385.52 although sectoral...
The Securities and Exchange Commission (SEC) and the Philippines’ leading finance super app GCash have signed a memorandum of agreement (MOA) to go after perpetrators of online fraud, e-scams, and other cybercrimes. Under the agreement, GCash will assist and cooperate with the SEC in...
The Securities and Exchange Commission (SEC) has relaxed the disclosure requirements for public offerings as part of guidelines issued to streamline the process for companies seeking to raise funds from the capital market. SEC Chairperson Emilio B. Aquino “The streamlined procedures are part of...
The Philippine stock market surged for the fifth day in a row as investors continue to find share prices low. The main index jumped 110.74 points or 1.77 percent as Banks led the charge across the board. Volume was lower but still higher than average at 764 million shares worth P6.73 billion...
