The local stock market is seen to have muted trading this week as most investors, both domestic and foreign, are already on holiday break. “The last two trading clays of the week, owing to funds having gone off to take the long holiday break, are expected to be quiet,” said online brokerage...
Local share prices continued to weaken due to concern over the rising number of cases of a new strain of COVID in the UK. (Photo credit: https://www.pse.com.ph) The main index shed 22.50 points or 0.31 percent to close at 7,202.39 with only the Property index rising. Volume was higher at 22.72...
Despite government efforts to shut them down, there are now even more investment scams sprouting to victimize the unwitting public seeking to find more active ways to grow their hard-earned cash other than park these funds in the bank. The Securities and Exchange Commission (SEC) has been on...
The stock market is seen to start winding down for the year with only six trading days remaining. “We see a downward bias for the local market with a possible testing of the 7,150 support level. The market remains overvalued making it susceptible to profit taking,” said Philstocks Financial...
The local equities market is “doing very well” despite the global economic shock triggered by the pandemic, the Department of Finance (DOF) said, citing a report of the Philippine Stock Exchange (PSE). In a statement, the DOF quoted PSE President Ramon Monzon as saying that the Philippines’...
Local shares weakened slightly Friday after failing to breach the 7,300 level. The Philippine Stock Exchange index (PSEi) retreated 25.22 points, or 0.35 percent, to close at 7,272.80 with sectoral indices evenly mixed. Photo credit: (https://www.pse.com.ph/) Volume rose to 23.55 billion shares...
Michael Gerard “Mike” Enriquez Sun Life Philippines expects the Philippine economy to undergo a “U-shaped,” a longer type of recovery and a return to trend line growth in the next two years. Michael Gerard D. Enriquez, Sun Life chief investments officer, said the country’s economy,...
The PSEi surged to just a hair shy of the 7,300 level after government reported higher remittances from overseas Filipinos. (Photo credit: https://www.pse.com.ph) The main index jumped 71.97 points or 1.00 percent to close at 7,299.70 although the Services sector was in the red. Volume was slightly...
The board of directors of Phoenix Petroleum Philippines Inc. has approved the settlement of the P3.0 billion commercial papers that the firm issued on December 5 last year. The Uy-led company apprised the Philippine Stock Exchange (PSE) that the CP issuance had a tenor of 360 days, hence, its...
The local stock market continued to rise as investor sentiment remains buoyant. Photo credit: (https://www.pse.com.ph/) The main index gained 35.19 points or 0.49 percent to close at 7,281.35 with only the Property counter retreating. Volume was slightly lower at 46.02 billion shares worth P8.93...
The board of directors of First Gen Corporation approved the declaration of cash dividends on array of its preferred shares that shall be paid to its shareholders by January next year. The company, in its disclosure to the Philippine Stock Exchange (PSE), stated that it will extend cash dividend of...
The local stock market bounced today after some profit-taking in the previous session as investors cheer the ratification of the national budget and news on the US stimulus plan. The Philippine Stock Exchange index (PSEi) gained 51.77 points, or 0.73 percent, to close at 7,154.43 although...
