The local stock market weakened as investors booked profits ahead of the weekend and rising new COVID-19 cases. The main index shed 36.37 points or 0.55 percent to close at 6,544.63 with sectoral indices evenly mixed. Volume remained low at 4.91 billion shares worth P6.28 billion as gainers...
DoubleDragon Properties Corporation has moved at the last minute the listing of the initial public offering shares of its subsidiary DDMP REIT Inc. to March 24, 2021 from the original schedule of March 23. In a disclosure posted by the Philippine Stock Exchange in its website at past 7...
The local stock market is seen to fall lower this week as the number of new COVID-19 cases continued to rise—raising the specter of an enhanced community quarantine which had almost grounded the Philippine economy to a halt last year. “The local market may extend its decline next week as our...
The local stock market plunged almost 200 points after government tightened lockdown measures while US bourses also weakened. The PSEI fell 194.75 points or 2.94 percent to close at 6,436.10 as share fell across the board. Volume rose to 3.53 billion shares worth P10.41 billion as losers beat...
The local stock market suffered a steeper fall as reality sets in on how bad the COVID-19 situation is being handled, raising fears of a reverting to more restrictions in the year-long lockdown. Photo credit: https://www.pse.com.ph The PSEi plunged 176.09 points or 2.62 percent to close at 6,552.46...
Local share prices rose on continued bargain hunting on the back of gains in the US bourses overnight. Photo credit: PSE Information Desk The main index advanced 41.49 points or 0.61 percent to close at 6,808.32 with only the Financials and Mining and Oil counters retreating. A total of 9.14...
The local stock market managed to eke out a small gain as investors picked up some bargains while remaining wary of rising COVID cases. The main index inched up 9.91 points or 0.15 percent to close at 6,766.83 with only the Property sector in the red. Volume jumped to 5.9 billion shares worth...
The local stock market fell as the number of new COVID cases surged while foreign investors shift funds to the US. The PSEi plunged 125.45 points or 1.81 percent to close at 6,756.92 as bank stocks led the drop across the board. A total of 7.2 billion shares worth P9.85 billion changed hands as...
The Securities and Exchange Commission (SEC), The Philippine Stock Exchange, Inc. (PSE) and Philippine Depository & Trust Corp. (PDTC) are working closely together to investigate the trading of unissued and unlisted shares of Abra Mining and Industrial Corporation (AR). In a joint statement,...
Trading at the local stock market this week is seen to be weighed down by the surge in COVID-19 cases as well as the impact of high inflation while corporate earnings and the employment report may provide some relief if there are any positive surprises. “Next week, the local market may decline on...
DoubleDragon Properties Corporation has set the initial public offering price of DDMP REIT, Inc. (DDMPR), the second Real Estate Investment Trust (REIT) to debut on the bourse, at P2.25 per share. The final IPO price of P2.25 is the maximum of its indicative offering price and...
The local stock market posted more gains despite losses in overseas markets after early profit-taking eventually petered out. The PSEi improved by 23.22 points or 0.34 percent to close at 6,942.76 although only the Financials and Holding Firms counters advanced. Volume surged to 221.53 billion...
