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...
The Philippine Stock Exchange, Inc. (PSE) has approved the listing of the P14.7 billion initial public offering (IPO) of DDMP REIT, Inc. (DDMPR), the second Real Estate Investment Trust (REIT) to debut on the bourse. DDMPR is set to offer up to 5.94 billion secondary...
Local share prices rose Friday, ( Feb. 26) as investors picked up bargains amid news that vaccines will finally arrive, ignoring an overnight sell-off in Wall Street. The Philippine Stock Exchange index (PSEi) gained 38.91 points, or 0.58 percent, to close at 6,794.86 although sector indices were...
Local share prices dropped on Wednesday, (Feb. 24) as sentiment continue to be weighed down by government’s decision not to ease lockdown measures. The PSEi lost 58.72 points, or 0.86 percent, to close at 6,755.95 as all sectors weakened across the board. PSE file photo Volume rose to 36.1...
One generating unit of the 632-megawatt GNPower Mariveles Center Ltd. Co. (GMEC) coal-fired plant of the Aboitiz-Ayala joint venture suffered ‘forced outage’ due to technical glitch in its boiler. In a disclosure to the Philippine Stock Exchange, Aboitiz Power Corporation indicated that unit 1...
Garcia-led Vivant Energy Corporation has expanded its power investments in Mindanao, and this was concretized via an equity acquisition in power generation facility owned by Senator Juan Miguel Zubiri. In a disclosure to the Philippine Stock Exchange (PSE), Vivant stated that, in tandem with its...
The local equities market managed to end in the green on Tuesday, (Feb. 23) after trading in negative territory most of the day as investors started picking up cheaper stocks. The Philippine Stock Exchange index (PSEi) inched up 4.33 points, or 0.06 percent, to close at 6,814.67 with...
Local share prices bounced Friday (Feb. 19) from recent losses as investors started to pick up bargains ahead of the weekend. The main index rose 76.77 points or 1.12 percent to close at 6,926.41 as the Holding Firms and Mining and Oil counters led gains across the board. A total of...
