Stock market investors will be looking to the Philippines’ inflation numbers for August for cues while also monitoring US and Chinese economies for additional motivation. China Bank Capital Corporation Managing Director Juan Paolo Colet said, “this week’s market direction will be shaped by...
The local stock market lost most of the day’s gains but still managed to kick off the new month in the green. The main index inched up 5.81 points or 0.09 percent to close at 6,181.06 with sectoral indices evenly split. Volume jumped to 2.11 billion shares worth P11.51 billion as gainers...
The local stock market plunged as investors took profits on the last day of the month of August amid continuing worries about the economies of the US, China, and the Philippines. The main index fell 120.04 points or 1.91 percent to close at 6,175.25 as the Property counter plummeted while...
The local stock market recovered more ground as encouraging economic news spurred investors to pick up bargains. The main index rose by 70.29 points or 1.13 percent to close at 6,295.29 with Conglomerates leading the charge. Volume dipped to 672 million shares worth P3.97 billion as gainers...
The Securities and Exchange Commission (SEC) has advised the public against dealing with a scheme using President Ferdinand "Bongbong" R. Marcos Jr.'s initials or "BBM" with his photo to solicit investments without the necessary license. In an advisory, the SEC warned the public against Bagong...
Corporations and associations whose registrations have been suspended or revoked are being given a new lease on corporate life by the Securities and Exchange Commission (SEC) which has offered an amnesty program until Sept. 30. While registration with the SEC marks the first step toward...
The local stock market rose in late trading as funds start window dressing for the month’s end. The main index jumped 64.39 points or 1.05 percent to close at 6,225 as the Services sector led all indices in the advance. Volume rose to 395 million shares worth P5.63 billion but losers still beat...
The Securities and Exchange Commission (SEC) has approved the direct public offering (DPO) of Pacerm-1 Energy Corporation which is selling a 15 percent stake to investors in compliance with the requirements of the Electric Power Industry Reform Act. Pacerm-1 Energy operates a diesel power plant in...
The local stock market may see some bouts of bargain-hunting especially with US stocks up over the weekend after US Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole. However, analysts note that investor sentiment remains weak due to discouraging prospects of the local economy....
The Philippine stock market benchmark, the PSEi, had been stuck in the doldrums for months—trading within a tight 200-300 point band—before crashing below its support level to a nine-month low and underperforming other regional and emerging markets. China Bank Capital Corp. Managing Director...
The local stock market fell again after a one day breather as investors held on to cash ahead of US Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole. The main index dropped 65.17 points or 1.05 percent to close at 6,160.61 as Banks led the retreat across the board. Volume...
The local stock market finally bounced back after US Treasury yields eased and spurred a rally in US bourses. The main index rose by 46.15 points or 0.75 percent to close at 6,225.78 with Banks leading all sectoral indices higher. Volume was still low though, at 415 million shares worth P3.31...
