The local stock market declined as investors were quick to take profits from the previous day’s rally. The main index dropped 55.16 points or 0.84 percent to close at 6,498.88 as Banks led the slide across the board. Volume thinned further to 182 million shares worth P3.11 billion as gainers...
The PSEi opened the new trading year with a bang as optimistic investors trickled back into the market. The main index surged 104 points or 1.61 percent to close the first trading session at 6,554.04 as Conglomerates and Services rallied to offset the decline of the Property and Mining counters....
The Philippine Stock Exchange (PSE) expects to raise P175 billion worth of capital in 2024 amid a more upbeat equities market with six companies seen to launch their initial public offerings (IPO) this year compared to just three in 2023. “Our capital raising forecast is P175 billion, around P40...
The local stock market is not seen to start strong on the first trading week of the new year as investors wait for fresh economic data that will hopefully serve as catalysts for a rally. “Investors may start 2024 still on a cautious note as there remains no catalyst for the local bourse....
Investors in the local stock market have reason to be guardedly optimistic about 2024 following a lackluster trading in 2023. “The expected improvement in macroeconomic indicators are poised to drive market conditions in 2024,” said Philippine Stock Exchange (PSE) President and CEO Ramon S....
The Philippine Stock Exchange index (PSEi) dropped 1.8 percent to 6,450.04 at the end of 2023 from its closing figure on the last trading day of 2022. The bourse said its daily average value turnover was at P6.09 billion in 2023, down by 16.5 percent from 2022’s P7.30 billion average. (L-R): PSE...
The local stock market fell on its last trading day of the year as investors preferred to hold on to cash during the long weekend. The PSEi lost 69.07 points or 1.06 percent to close at 6,450.04, dragged down by Conglomerates which fell 3.41 percent. Volume rose to 1.12 billion shares worth P4.88...
The Philippine stock market has been underperforming against its regional peers as of mid-December as the local bourse has been seeing weak trading volumes while foreign funds continued to leave. According to Philstocks Financial Research Manager Japhet Tantiangco, “as of December 15, 2023, the...
The local stock market returned to the 6,500 level as share prices rode on positive sentiment in the US bourses. The main index rose by 56.31 points or 0.87 percent to close at 6,519.11 as the Industrial sector led all counters in the advance. However, volume dropped to 385 million shares worth...
The local stock market is seen to benefit this short trading week from a combination of window-dressing and profit-taking as well as the carry over of positive sentiment from expectations of rate cuts next year. “The final three trading days of the year will see a mix of window dressing and...
The local stock market rose to rest just above the 6,500 level on the last trading day before Christmas on the back of higher US bourses. The main index added 31.77 points or 0.49 percent to close at 6,501 as the Industrial sector led the advance while Banks dipped into the red. Volume fell to 536...
The Securities and Exchange Commission (SEC) exempted the Philippine Stock Exchange (PSE) from the 20 percent cap of ownership so it can acquire full ownership of the Philippine Dealing System Holdings Corporation (PDS Group). In a statement, the SEC said it has approved the application of the PSE...
