This week, cautious stock market investors will be looking for cues from the US August inflation report and Philippine data on foreign direct investments and remittances from overseas Filipinos. While the Philippine Stock Exchange index (PSEi) managed to advance in the last two weeks, Philstocks...
The local stock market managed to end higher despite weaker US stocks as investors picked up bargains that emerged after Thursday's (Sept. 7) drop in prices. The main index rose by 0.64 percent or by 39.87 points to close at 6,222.94 although sectoral indices were evenly split. Volume was...
After a few days of small gains, the local stock market fell below the 6,200 level again as recent releases of economic data renewed concern over US interest rates and the health of major economies. The main index dropped 58.62 points or 0.94 percent to close at 6,183.07 with Conglomerates...
The Securities and Exchange Commission (SEC) has successfully pursued the conviction of six individuals involved in an investment scam operated by GDM Finance SARL, marking the 22nd conviction for violations of the country’s securities law. In a joint decision dated April 17 but transmitted...
The local stock market improved slightly on some bargain-hunting although sentiment was weighed down by rising oil prices. The main index added 16.69 points or 0.27 percent to close at 6,241.69 as Conglomerates led the advance while the Property and Mining counters declined. Volume stayed low...
The local stock market managed to inch up as the higher August inflation rate of 5.3 percent versus 4.7 percent in July was already expected. The main index added 10.32 points or 0.17 percent to close at 6,225.00 as Conglomerates led the advance while Banks and Property firms retreated....
The Securities and Exchange Commission (SEC) is drafting new guidelines to ensure consistency and uniformity in the reports by publicly listed companies (PLCs) on their sustainability measures. In a statement, the SEC said it will soon release a Memorandum Circular on the Revised Guidelines...
The local stock market ended higher ahead of the Philippine inflation report for the month of August while the US jobs data released last Friday also boosted regional bourses. The main index added 33.62 points or 0.54 percent to close at 6,214.68 as the Property sector led the advance while...
The Philippine Stock Exchange (PSE) reported that its wholly-owned subsidiary, Securities Clearing Corporation of the Philippines (SCCP), has successfully migrated to a shortened settlement cycle of T+2. “This migration is a significant advancement in the domestic capital market and will...
The Securities and Exchange Commission (SEC) is seeking to adopt regional best practices to improve the regulatory environment for short selling at the Philippine Stock Exchange (PSE) with the aim of boosting trading activity. Short selling is the practice of betting on the decline of a...
The earnings growth rate of publicly-listed companies slowed down in the second quarter of 2023 compared to the first three months of the year due to rising inflation and interest rates while the low base effect of the first quarter of 2022 faded. In a study, COL Financial reported that “headline...
Despite the market’s current weakness, BDO Securities Corporation expects the Philippine Stock Exchange index (PSEi) to surge to 7,700 by the end of the year, based on an average earnings growth estimate of 15 percent. The BDO Unibank Inc.’s stock brokerage is urging investors to take advantage...
