The Philippine benchmark index retreated on Thursday, Dec. 18, as investors locked in gains while awaiting crucial United States (US) inflation data for cues on the Federal Reserve’s interest rate path. The Philippine Stock Exchange Index dropped 47.54 points, or 0.78 percent, to close at...
Philippine stocks climbed as a stronger peso and a retreat in crude oil prices spurred bargain hunting following a brief bout of profit-taking. The Philippine Stock Exchange index advanced 23.34 points, or 0.39 percent, to end at 6,079.02 on Wednesday, Dec. 17. While the services sector led the...
Billionaire Manuel Villar Jr. is selling 100 percent of PrimeWater Infrastructure Corp. to Lucio Co’s Crystal Bridges Holding Corp., marking the property magnate’s exit from the water utility business. The Villar Group confirmed the divestment in a statement Tuesday, Dec. 16, saying it has...
The Philippine Stock Exchange index (PSEi) dipped on last minute profit-taking on Tuesday, Dec. 16, as investors waited for fresh economic data from the United States (US). The main index shed 2.34 points, or 0.04 percent, to close at 6,055.68. The services and mining sectors fell, while the...
The Philippine Stock Exchange Index (PSEi) recovered from the previous day’s decline, adding 30.06 points, or 0.50 percent, to close at 5,990.00 on Thursday, Dec. 11. The advance followed expected rate cuts from both the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP). Banks led the...
The Philippine Stock Exchange index (PSEi) was higher on Tuesday, Dec. 9, as investors anticipate the rate cuts that may be announced by the Bangko Sentral ng Pilipinas (BSP) and the United States Federal Reserve (US Fed). The main index added 27.42 points, or 0.46 percent, to close at 5,976.64....
The Philippine Stock Exchange index (PSEi) fell on Wednesday, Dec. 3, due to the ballooning national debt, weaker peso, and the sudden resignation of Rogelio Singson from the body investigating anomalous flood-control projects. The main index dropped 88.56 points, or 1.48 percent, to close at...
Cebu-based fuel distributor and retailer Top Line Business Development Corp. is planning to raise fresh capital next year through the issuance of preferred shares to fund its continued expansion, including its venture into fuel importation. In a disclosure to the Philippine Stock Exchange (PSE),...
The Philippine Stock Exchange Index (PSEi) corrected on Monday, Dec. 1, with investors booking gains after the country’s manufacturing index fell. The main index dropped 32.95 points, or 0.55 percent, to close at 5,989.29. Conglomerates led the retreat, even as the Services and Mining sectors...
The Philippine Stock Exchange index (PSEi) on Friday, Nov. 28, more than recovered the previous day’s losses as the market took confidence from global debt watcher S&P’s affirmation of the country’s investment-grade credit rating. The main index rose by 53.11 points, or 0.89 percent, to close...
Philippine stocks failed to hold the key 6,000-level on Thursday, Nov/ 27, as investors immediately took profit from the previous session’s advance, pulling the main index lower. The Philippine Stock Exchange Index (PSEi) dropped 35.57 points, or 0.59 percent, to close at 5,969.13. Banks led the...
The Philippine Stock Exchange Index (PSEi) resumed its upward climb on Wednesday, Nov. 26, after a brief pause yesterday, boosted by a firmer peso and the government’s announcement of a budget surplus. The main index gained 28.53 points, or 0.48 percent, to close at 6,004.70. Property and Banks...
