Local stocks climbed for the second consecutive session as a strengthening peso and a narrowing trade gap bolstered investor confidence ahead of key economic growth data. The Philippine Stock Exchange index (PSEi) advanced 48.88 points, or 0.78 percent, to finish at 6,355.78 on Wednesday, Jan. 28....
Equities snapped a multi-day losing streak Tuesday, Jan. 27, as investors swooped in to pick up beaten-down shares following an upgraded growth outlook from the Asian Development Bank (ADB) and resilient export data. The Philippine Stock Exchange index (PSEi) gained 33.03 points, or 0.53 percent,...
Stocks retreated on Monday, Jan. 26, as investors pared positions ahead of fourth-quarter economic growth data, with the benchmark index slipping below a key psychological support level. The Philippine Stock Exchange index (PSEi) fell 59.39 points, or 0.94 percent, to finish at 6,273.87. The...
Specialized food ingredients and plastics manufacturer D&L Industries Inc. is moving to commercialize a proprietary technology that integrates indigenous plant fibers into plastic production, a step aimed at capturing a slice of the growing global market for sustainable materials. The company’s...
Local equities market declined as investors adopted defensive posture ahead of next week’s economic growth data, erasing previous gains in session characterized by thinner trading and political uncertainty. The Philippine Stock Exchange index (PSEi)) fell 65.34 points, or 1.02 percent, to...
The Philippine Stock Exchange index (PSEi) rebounded on Thursday, Jan. 22, as investors engaged in bargain hunting, tracking the Wall Street recovery fueled by de-escalating geopolitical tensions over United States (US) interests in Greenland. The benchmark PSEi gained 68.50 points, or 1.08...
Local equities fell for a fourth consecutive day, tracking a global retreat in risk assets after United States (US) President Donald Trump escalated trade tensions with fresh round of tariff threats against European allies to pressure the sale of Greenland. The Philippine Stock Exchange index...
The Philippine Stock Exchange index (PSEi) started the week lower as investors took profits from recent gains, as expected. The main index dropped 26.89 points, or 0.42 percent, to close at 6,437.78 on Monday, Jan. 19. Banks led the retreat, although the services sector advanced, while the...
The Philippine Stock Exchange index (PSEi) rebounded sharply on Thursday, Jan. 15, as investors bet on looming interest rate reduction by the central bank and digested an optimistic medium-term growth outlook from the World Bank. The main index climbed 97.72 points, or 1.53 percent, to finish at...
Profit-taking continued to pull down the Philippine Stock Exchange index (PSEi) as sentiment was weighed down by the weaker peso, which fell to a new record low of ₱59.44 versus the United States (US) dollar on Wednesday, Jan. 14. The main index dropped 18.95 points, or 0.3 percent, to close at...
The Philippine Stock Exchange (PSE) extended its winning streak to open the week as investors increased bets that a looming pivot toward monetary easing will catalyze domestic economic growth. The PSE Index climbed 71.82 points, or 1.1 percent, to finish at 6,419.96 on Monday, Jan. 12. The move...
Top township developer Megaworld Corp. is investing an initial ₱8 billion to develop the 97-hectare “The Sugartown” along the Bacolod-Silay Airport Road in Talisay City, Negros Occidental. In a disclosure to the Philippine Stock Exchange, the firm said this will be its 37th township...
