Converge Information and Communications Technology Solutions, Inc. (Converge) disclosed to the Philippine Stock Exchange that it has set its final initial public offering price at P16.80 per share to raise up to P29 billion. The firm had earlier moved up the timetable of its planned IPO while...
The local stock market ended the week lower yesterday over concern that the passage of next year’s budget will be delayed. The Philippine Stock Exchange index (PSEi) shed 11.05 points, or 0.19 points, to close at 5,931.61 with sectoral indices mixed. Volume was lower at 9.16 billion...
The local stock market is seen to start weaker this week following the drop in US stocks in reaction to US President Donald Trump’s announcement that he has tested positive for COVID-19. According to online brokerage 2TradeAsia.com, this is “a reminder that the pandemic remains to be...
The Philippine Stock Exchange (PSE) has approved the listing of the shares for the P1.13 billion follow-on offering of PH Resorts Group Holdings, Inc. (PHR), the Udenna Group’s gaming and hospitality subsidiary. “It’s all systems go. Despite the on-going COVID-19 pandemic we are playing...
The Philippine stock market ended the week yesterday higher on continued bargain hunting. The Philippine Stock Exchange index (PSEi) gained 54.53 points, or 0.92 percent, to close at 5,999.40 as all sectors advanced. However, volume was lower at 1.47 billion shares worth P4.91 billion with gainers...
The Philippine Stock Exchange, Inc. (PSE) has approved the planned initial public offering (IPO) application of Converge Information and Communications Technology Solutions, Inc. (Converge) worth up to P41.55 billion. Coverge targets to raise P36.13 billion from the sale of up to 480.84...
The local stock market posted a small gain yesterday on quarter-end window-dressing. The Philippine Stock Exchange index (PSEi) added 22.63 points, or 0.39 percent, to close at 5,864.23 although the Financials and Industrial counters retreated. Volume remained weak at 1.07 billion shares worth...
Local stock prices weakened yesterday as investors continue to wait for market moving news. The Philippine Stock Exchange index (PSEi) dropped 19.79 points, or 0.34 percent ,to close at 5,841.60 with sectoral indices evenly split between advancers and decliners. Volume was slightly higher at...
Engineering and infrastructure conglomerate Megawide Construction Corporation is raising up to P8 billion in fresh funds from the capital markets through the issuance of new preferred shares. In a disclosure to the Philippine Stock Exchange, the firm said it is planning to issue P3.0 billion worth...
The local stock market was up slightly yesterday as investors picked at some bargains from last week’s decline. The Philippine Stock Exchange index (PSEi) gained 22.73 points, or 0.39 percent, with only the Mining & Oil and Property counters in the red. Volume remained tepid at 1.14 billion...
The local stock market is seen to remain weak, weighed down by recent bad news, although investors are seen to look for more cues from the release of more economic data as well as from the Bangko Sentral ng Pilipinas meeting on rates this week. Traders work beneath an electronic ticker at the...
The local stock market ended the week slightly lower yesterday as investors continue to shy away. The Philippine Stock Exchange index (PSEi) shed 7.14 points, or 0.12 percent, to close at 5,838.66 with sectoral indices evenly mixed. Volume fell to 1.41 billion shares worth ₱3.66 billion as...
