The local stock market rose for the second day as investors continued to pick up bargains amid positive remittance data. The main index was up 92.54 points or 1.42 percent to close at 6,594.66 as Holding Firms led the advance while the Services counter was the only one that retreated. Volume dipped...
The local stock market bounced from its five-day losing streak on the back of gains in US bourses. The main index jumped 122.95 points or 1.93 percent to close at 6,502.12 with the Property sector registering the biggest gain as all counters advanced. A total of 678 million shares worth P8.06...
The Philippine Stock Exchange, Inc. (PSE) has approved the initial public offering of VistaREIT, Inc., the real estate investment trust of the Villar group, worth up to P9.18 billion to be conducted from May 30 to June 3, 2022. In a statement, the bourse said VistaREIT The company is expected to...
The Philippine Stock Exchange has approved the planned initial public offering (IPO) of renewable energy producer Raslag Corporation worth up to P700 million. The solar power company will offer up to 350 million primary shares and up to 52.50 million over-allotment option shares at a price of up to...
This week, the stock market may see some bargain hunting after suffering a steep fall in the last five trading days although uncertainties remain as investors wait for the new administration to name its economic managers and lay out its plans. “With its fall last week, the market has so far been...
The local stock market plunged for the 5th straight session, falling a total of over 499 points or 7 percent to the 6,300 level, as foreign investors continue to leave amid uncertainties. The main index dove 153.13 points or 2.34 percent to close at 6,379.17 as Conglomerates led in the retreat...
The local stock market continued to fall as the better-than-expected economic growth numbers failed to boost investor sentiment. The PSEi slid by 103.56 points or 1.56 percent to close at 6,532.30 points with Property and Banks leading the retreat across the board. Volume improved 1.59 billion...
Local share prices continued to fall amid uncertainties after Monday’s polls. The PSEi lost 85.07 points or 1.27 percent to close at 6,634.86 as Holding Firms led the retreat although the Services and Mining and Oil counters bucked the trend. A total of 1.92 billion shares worth P6.64 billion...
J.P. Morgan Global Research has downgraded the Philippines to “underweight” and ranked it last in the order of preference in ASEAN in its equity investment strategy immediately after the conclusion of national and local elections. In its ASEAN Equity Strategy released on May 9, 2022, J.P....
The local stock market ended lower after the elections, although it managed to recover from a much steeper drop in the morning. The PSEi lost 38.97 points or 0.58 percent to close at 6,720.93 after plunging over 200 points to the 6,500 level early in the session. The Mining and Oil counter led the...
After the elections, the PSEi has fallen 89.59 points or 1.33 percent at 6,670.31 as of the noon time break with the Mining sector falling 8 percent. Volume reached P18.66 billion, boosted by a P14 billion block sale of ACEN shares, as losers swamped gainers at 173 to 33 with 37 unchanged.
While the stock market will obviously be reacting to the conduct and the outcome the elections, it will also have its eyes on the release of the first quarter gross national product figure as well as more corporate earnings results. “Chartwise, the PSEi’s 50-day exponential moving average (EMA)...
