The local stock market rose as investors cheered the passage of a law that will reduce the stock transaction tax while also betting that the inflation rate would remain low last May. The main index added 11.13 points or 0.18 percent to close at 6,352.66 as the Property sector led the advance,...
The PSEi dipped again as investors remained cautious and took profits late in the trading day after President Marcos asked heads of government controlled corporations to resign for another top level reshuffling. The main index shed 12.99 points or 0.20 percent to finish at 6,412.81 with Miners...
Maynilad Water Services Inc. reported that feedback from preliminary investor meetings has been encouraging for its planned initial public offering, valued at up to ₱45.8 billion. In a letter to the Philippine Dealing & Exchange Corporation, Maynilad Corporate Information Officer Lourdes Marivic...
The PSEi declined on mixed trading as investors waited for the release of economic data due this week. The main index shed 23.16 points or 0.36 percent to close at 6,389.94 with sectoral indices equally divided. Volume was low at 486 million shares worth P4.74 billion as gainers outnumbered losers...
Stock investors are expected to take cues from the release of a slew of data this week, which includes the Philippines’ budget and trade balance numbers as well as US gross domestic product and jobless claims. Rizal Commercial Banking Corporation Chief Economist Michael L. Ricafort said upcoming...
After reducing the number of shares for its initial public offering (IPO), Maynilad Water Services Inc. may tighten the offer price to between ₱12 and ₱14 per share from its initially indicated maximum offer price of ₱20 per share based on investor interest during its ongoing bookbuilding...
The PSEi rose on the last trading day of the week as uncertainties eased after President Marcos chose to keep his economic team intact after asking his cabinet secretaries to tender their courtesy resignations. The main index jumped 107.73 points or 1.71 percent to close at 6,413.10 as Banks led...
The Philippine Stock Exchange Index (PSEi) resumed its downward trek after a day’s pause as investors cashed out while waiting to see how the President will reconstitute his cabinet. The main index dropped 69.98 points or 1.10 percent to close at 6,305.37 with only the Mining sector managing...
The local equities market finally bounced after a five-day correction as investors began to pick up cheaper stocks. The main index added 40.02 points or 0.63 points to close at 6,375.35 led by the jump in the Mining sector on the back of higher gold prices. Volume was relatively stable at 712...
The PSEi fell today, its fifth straight day of declines, on delayed reaction to the Moody’s downgrade of its credit rating for the US. The main index dropped by 119.51 points or 1.85 percent to close at 6,335.33 with the Services sector leading the retreat across the board. Volume rose to 1.35...
With the Philippine stock market on a six-week winning streak, investors will decide if gains can be sustained by taking cues from the release of the country’s balance of payments data, US jobs and home sales reports, as well as recent corporate earnings results. “The local market is already on...
The PSEi fell as cautious investors continued to take profits while digesting mixed first quarter earnings reports. The main index dropped 84.95 points or 1.30 percent to close at 6,466.86 as Miners led the retreat although Conglomerates bucked the trend by advancing. Volume declined to 1.54...
