The Philippine financial markets ground to a halt Wednesday, July 24, as Malacañang suspended operations in government offices due to Typhoon Carina and the southwest monsoon. In the early morning of Wednesday, the Philippine Stock Exchange (PSE) announced a trading suspension, while the Bangko...
The Philippine Stock Exchange (PSE) announced Wednesday morning, July 24, that trading has been suspended amid continuous heavy rainfall caused by Typhoon Carina and the southwest monsoon. Malacañang has issued an order suspending government offices and classes at all levels across the National...
By James A. Loyola NexGen Energy Corporation, a renewable energy corporation with a portfolio of solar and wind service contracts, debuted on the upside at the Philippine Stock Exchange (PSE) with its share price rising 1.79 percent to P1.71 per share. The firm and its principal shareholders raised...
The local stock market benchmark plunged almost 200 points to its lowest level this year as bearish sentiment prevailed. The main index fell 186.08 points or 2.93 percent to close at 3,158.48 with the Mining sector leading the retreat across the board. Volume rose to 632 million shares worth a...
Real estate giant Ayala Land, Inc. (ALI) of the Zobels is buying out the Aboitiz Group’s 50 percent stake in Cebu District Property Enterprise Inc. (CDPEI) for P1.81 billion. In a disclosure to the Philippine Stock Exchange, ALI said it has entered into a share sale and purchase agreement...
The number of stock market accounts at the Philippine Stock Exchange (PSE) has grown by 11.3 percent to 1.91 million as of the end of 2023 from 1.71 million accounts in 2022. The PSE’s annual Stock Market Investor Profile report showed that the growth was mainly due to new accounts opened through...
The Philippine Stock Exchange (PSE) reported a 19.3 percent growth in net income to P242.38 million in the first quarter of 2024 from the P203.16 million earned in the same period last year. In a disclosure, the bourse said its profit was higher due to the 206.99 percent improvement in other income...
The local stock market ended the week lower as investors fret over unfavorable inflation and GDP numbers released by the government. The main index lost 30.53 points or 0.47 percent to close at 6,511.93 as the Property sector led the decline although Miners and Conglomerates gained ground....
NEW YORK — U.S. stocks rose Monday and added to their gains from last week, as technology companies once again led the way. The S&P 500 rose 52.95, or 1%, to 5,180.74. The Dow Jones Industrial Average added 176.59, or 0.5%, to 38,852.27, and the Nasdaq composite jumped 192.92, or...
(AP) -- Wall Street capped a choppy week of trading Friday with the best day for the stock market in over two months, as traders welcomed cooler-than-expected U.S. employment data as a sign that inflationary pressures on the economy are easing. The S&P 500 rose 1.3%, its best day since late...
NEW YORK — U.S. stocks climbed Thursday to trim the majority of their losses for the week. The S&P 500 rose 45.81 points, or 0.9%, to 5,064.20 a day after swinging sharply when the Federal Reserve said it's likely delaying cuts to interest rates but not planning to hike them. It more...
NEW YORK — U.S. stocks swung to a mixed finish on Wednesday after the head of the Federal Reserve said the cuts to interest rates that Wall Street craves so much are still likely, even if they're delayed because of stubbornly high inflation. The S&P 500 fell 17.30 points, or 0.3%, to...
