The Philippine Stock Exchange index (PSEi) fell following the decline in US bourses last Friday as investors are jittery about factors that may further delay interest rate cuts. The main index lost 67.85 points or 1.12 percent to close at 5,993.48 on Monday, Feb. 17, as the property sector plunged,...
The local stock market turned red on Valentine’s Day as investors cashed out after the Bangko Sentral Pilipinas' surprise move to hold back an expected rate cut. The main index lost 51.86 points or 0.85 percent to close at 6,061.33 as the rate-sensitive property sector led the retreat while...
James L. Go, Chairman of the Gokongwei Group’s flagship JG Summit Holdings Inc., has been bargain-hunting and scooped up ₱48.13 million worth of shares of subsidiaries Robinsons Retail Holdings Inc. (RRHI) and Universal Robina Corporation (URC) this week. As stock analysts are optimistic about...
The local stock market managed to rise despite higher US inflation as investors were expecting the Bangko Sentral ng Pilipinas (BSP) to cut its policy rate. The main index jumped 69.06 points or 1.14 percent to close at 6,113.19 with the mining and services sectors leading all sub-indices up....
Japan’s Mitsubishi UFJ Financial Group (MUFG) has finalized a $400 million investment in the parent company of GCash, the Philippines’ leading e-wallet, raising its valuation to $5 billion. In a disclosure to the Philippine Stock Exchange (PSE), Globe Telecom said that Globe Fintech Innovations...
MSCI Inc., a leading provider of critical decision support tools and services for the global investment community, is moving JG Summit Holdings Inc. and subsidiary Universal Robina Corporation from its large cap to the small cap index. Based on the results of the MSCI’s February 2025 Index...
The local stock market dropped back to the sub-6,000 after four straight days of losses almost wiped out its 420-point bounce last week. The Philippine Stock Exchange (PSE) index lost 49.37 points or 0.82 percent to close at 5,987.75 on Tuesday, Feb. 11, with the retreat led by the property sector...
Cautious investors continue to sell down stocks while waiting for fresh leads, causing the PSEi to fall for the third straight day. The main index slid 117.87 points or 1.92 percent to close at 6,037.12 as property firms and banks led the retreat while miners bucked the trend. Volume dipped...
Investors in the local stock market will be watching out for cues from the Bangko Sentral ng Pilipinas’ policy meeting this week. The local market was able to bounce back last week, supported by active trading and net foreign inflows. In the process, the market was able to get past the 6,000 and...
The local stock market dropped as investors cashed out at the end of the week. The main index fell by 86.98 points or 1.39 percent to close at 6,154.99 with the retreat led by the services sector while miners bucked the trend with a small gain. Volume rose to 450 million shares worth P6.06 billion...
BACOLOD CITY – The city government of Davao has extended P3.8 million in financial assistance to local government units in Negros Island affected by the Dec. 9, 2024 Kanlaon Volcano eruption. NEGROS Occidental Gov. Eugenio Jose Lacson receives a check for P1 million from the city government...
The local stock market rallied for a second day on Wednesday, Feb. 5, on optimism that interest rates would soon be cut after January's inflation rate fell within target. The benchmark Philippine Stock Exchange index (PSEi) jumped 192.02 points, or 3.15 percent, to close at 6,281.08, led by the...
