The required initial public offering (IPO) for power generation companies (GenCos) at the Philippine Stock Exchange (PSE) has been proposed for scrapping, so the restructured electricity sector can attract more investments. To lift that mandate of the Electric Power Industry Reform Act (EPIRA),...
After the unexpected surge in stock prices last week, investors will now be looking forward to the government’s decision on whether to further relax quarantine measures in the National Capital Region and surrounding provinces. “While maintaining MECQ (modified enhanced community quarantine) is...
The reforms initiated by the government to deepen the local capital markets will ensure the economy to emerge stronger and more resilient in the aftermath of the prolonged pandemic, the Duterte administration’s chief economic manager said. Finance Secretary Carlos Dominguez III said the proposed...
Small local investors were still the main movers of the Philippine Stock Exchange (PSE) in the first-quarter this year, which the Department of Finance (DOF) attributed to the trust and confidence of the public in the regulatory institutions. Screen Shot 2021-05-24 at 2.46.56 PM Based on a report...
The local stock market is seen to continue to wait for fresh leads this week as foreign investors are seen to continue to leave while liquidity is seen to dry up due to the massive Monde Nissin initial public offering. “Investors are still expected to look for tailwinds. If there will be none,...
Ayala-led firm AC Energy Corporation (ACEN) has completed its P13 billion follow-on offering (FOO) at the local bourse, which it described to have been “warmly received by both Philippine and international investors.” The FOO is part of the five-step corporate restructuring of the Ayala energy...
The Philippine Stock Exchange has invited top executives of publicly-listed firms to talk about their successful initial public offering (IPO) journey and share with potential listing applicants the benefits their companies enjoy from going public. The PSE said these executives will be part of a...
Monde Nissin Corporation has set the price of its initial public offering at P13.50 per share, substantially lower than its maximum offer price of P17.50. With the lower offering price, the offering size is now at a maximum of P55.89 compared to the P72.45 billion it would have raised at...
The stock market’s performance this week is seen to largely hinge on signs indicating if the government will decide to ease or extend existing quarantine measures as the number of new COVID-19 cases seems to have eased but still remained high. “Investors are expected to look towards the...
The local stock market ended the week lower Friday, ( April 23) after US stocks diver overnight. The Philippine Stock Exchange index (PSEi) retreated 37.46 points, or 0.58 percent, to close at 6,378.07 with only the Financials counter holding its ground. Volume improved slightly to 2.04...
Local stocks dropped as investors preferred to hold on to cash during the weekend. The main index lost 45.15 points or 0.69 percent to close at 6,494.81 with the Property sector leading the retreat while the Mining and Oil counter advancing the most. Volume remained low with 6.77 billion shares...
A rout that’s made the Philippine benchmark equity gauge the worst performer in the Asia Pacific region risks worsening in the wake of fresh virus curbs. The Philippine Stock Exchange Index has tumbled 7.7% so far in 2021. While a two-day bounce has lifted the gauge above a critical 200-day...
