The local stock market was barely higher after investors were quick to cash out after early gains. The main index gained 8.83 points or 0.12 percent to close at 7,178.62 with only the Services and Property counters in the red. Volume was weaker at 9.35 billion shares worth P9.56 billion as gainers...
The local market is seen to make a healthy correction to digest strong gains made last week on the success of two COVID-19 vaccines and the surprise rate cut by the Bangko Sentral ng Pilipinas. “This week, we may see a pullback as investors book gains out of the market’s 3-week...
Scion Manuel “Beaver” L. Lopez Jr. has been designated board director at listed firm First Gen Corporation, taking the seat vacated by his cousin Eugenio “Gabby” L. Lopez III, who bowed out from the company’s board last September. Manuel “Beaver” L. Lopez Jr. (Photo credit:...
The local stock marker weakened as investors remain cautious and are quick to take profit. The PSEi dropped 54.16 points or 0.77 percent to close at 6,997.62 with only the Financials counter advancing. PSE file photo (Photo credit: https://www.pse.com.ph) Volume increased to 11.78 billion shares...
The local stock market breached the 7,000 level again on renewed optimism among investors. Photo credit: (https://www.pse.com.ph/) The main index rose 92.64 points or 1.33 percent to close at 7,051.78 with only the Mining and Oil counter retreating. Volume remained high at 12.34 billion shares...
Filinvest Land Inc.’s (FLI) reported a 40 percent drop in attributable net income for the first nine months of 2020 to P2.63 billion from P4.37 billion in the same period last year even as it registers a strong recovery in the third quarter. In a disclosure to the Philippine Stock Exchange, the...
The stock market ended lower on the last trading day of the week on concerns over damages wrought by Typhoon Ulysses. The Philippine Stock Exchange index (PSEi) dropped 54.38 points, or 0.77 percent, to close at 6,969.88 with only the Property and Mining & Oil counters in the green....
Ayala Corporation reported a 75 percent fall in net income to P11.4 billion in the first nine months of the year but noted that its performance in the third quarter is much improved compared to the second quarter of 2020. In a disclosure to the Philippine Stock Exchange, the conglomerate said...
An affiliate of Singapore government-led investment firm GIC Private Limited (GIC) is targeting to inject P20 billion worth of investment into AC Energy (ACEN), the energy company of the Ayala group. AC Energy disclosed to the Philippine Stock Exchange (PSE) that its board of directors approved the...
East West Banking Corporation (EW) posted a 28 percent growth in net income to P5.9 billion in the first nine months of 2020 from P4.6 billion in the same period last year as net revenues rose 27 percent to P26.7 billion. In a disclosure to the Philippine Stock Exchange, the bank said...
The local stock market ended slightly lower on some profit-taking after the spike in prices during the previous session. The PSEi shed 11.22 points or 0.16 percent to close at 7,024.26 with the Holding Firms and Services counters retreating. Volume surged to 2.29 billion shares worth P27.77 billion...
Bloomberry Resorts Corporation, owner of Solaire Resort & Casino and Jeju Sun Hotel & Casino, reported an unaudited consolidated net loss of P5.9 billion in the first nine months of 2020 compared to net profit of P8.6 billion in the same period last year. In a disclosure to the Philippine...
