The PSEi was able to recover most of the day’s loss to end almost flat amid some profit-taking as investors wait for fresh cues. The main index shed 3.1 points or 0.05 percent to close at 6,305.85 as Banks led the decline while Conglomerates and Services advanced. Volume improved to 345...
The local stock market ended up after early profit-taking following the release of lower-than-expected inflation figures for November. The main index rose by 24.58 points or 0.39 percent to close at 6,308.95 even though sectoral indices were evenly split. Volume was still low at 622 million...
Philippine shares rose ahead of the release of economic data here and overseas including the November inflation number. The main index added 39.19 points or 0.63 percent to close at 6,284.37 with the advance led by the surge in Mining and Oil stocks. Volume remained weak though at 446 million...
The local stock market will be waiting for November’s inflation figure this week, hoping that a lower number will spur a rise in share prices. “This week, investors are expected to take cues from our upcoming economic data, primarily from our November inflation print which would give clues on...
State-owned companies had their budgetary support reduced in October as the government did not provide financial aid to the Philippine Health Insurance Corp. (PhilHealth) during the month. Data from the Bureau of the Treasury showed that subsidies to government-owned and -controlled corporations...
The PSEi was up today, Dec. 1, following gains made by US bourses amid hopes that interest rates will not be raised. The main index added 21.45 points or 0.34 percent to close at 6,245.18 as the Property counter led the advance while Banks and Miners lagged behind. Volume declined to 1.68...
House of Representatives (Ellson Quismorio/ MANILA BULLETIN) With 246 "yes" votes, a measure seeking to boost financial literacy among Filipinos have been approved on third and final reading in the House of Representatives. Given final nod by the...
The local stock market continued to decline as investors adjust their holdings to the new MSCI index composition. The main index dropped 41.41 points or 0.66 percent to close at 6,223.73 with Conglomerates leading the retreat although Banks and Property stocks managed to advance. Volume...
The local stock market opened the shorter trading week on a positive note as month’s end window dressing started while oil prices weakened. The main index rose by 40.07 points or 0.64 percent to close at 6,309.57 as the Property sector surged to lead the advance while the Industrial and...
COL Financial, the country’s top online stock broker, reported that its consolidated net income almost doubled to P404.4 million in the first nine months of 2023, up 95 percent from the P207.5 million earned in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the...
Quezon City, with assets of P443.4 billion in 2022, is still the richest city in the Philippines. Cebu province is the wealthiest with assets of P235.7 billion, while Carmona (which became a city in July 2023) in Cavite was the richest municipality in 2022 with assets of P6.5 billion. Makati City...
The allowable revenues of transmission firm National Grid Corporation of the Philippines (NGCP) had been pared by more than half to P183.491Billion, or lower by more than P204 billion from the company’s original claims of P387.803 billion as applied for under its fourth regulatory reset. In a...
