The local stock market declined as investors continue to worry over the global economy. The main index shed 25.38 points or 0.38 percent to close at 6,686.83 although only the Banks and Industrial counters retreated while the Mining and Oil sector led advancers. Volume weakened further to 852...
The Securities and Exchange Commission (SEC) is coming out with a list of equities, bonds, funds and other securities in which Personal Equity and Retirement Account (PERA) funds may be invested. The Commission on May 17 released for public comment the proposed Rules on Qualified and/or Eligible...
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...
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...
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)...
The Securities and Exchange Commission (SEC) has approved the planned initial public offerings (IPO) of VistaREIT, Inc. of up to P9.18 billion and of Raslag Corporation worth up to P700 million. The Commission En Banc has resolved to render effective the registration statements of VistaREIT and...
The Securities and Exchange Commission (SEC) now has the power to speed up the resolution of numerous pending cases pertaining to companies with foreign ownership after the amendment of three laws. These amended laws are the Foreign Investments Act (FIA), the Public Service Act (PSA), and the...
The market is seen to take cues from more first quarter earnings reports although investors remain jittery and may trade with a downward bias. “For next week, the market may still move with a downward bias as it contends with a lot of headwinds both onshore and offshore,” said Philstocks...
The Securities and Exchange Commission (SEC) has ordered three online firms to stop their unauthorized lending activities and their use of abusive collection practices. In an order issued April 26, the Commission En Banc directed Golden Cash, Help Cash, and Grace Cash to immediately cease and...
This week, the local market will be taking cues from firms that will be releasing their first quarter earnings reports while sentiment will continue to suffer from concerns over rising US interest rates which makes equities less attractive. “Next week, the local market is expected to continue...
Local share prices dropped as investors pocketed gains after the PSEi’s four-day hike. The main index lost 80.93 points or 1.13 percent to close at 7,061.49 as the Property sector led the retreat although Banks and Mining firms advanced. Volume rose to 895 million shares worth P6.04 billion as...
