Local stocks snapped a six-day winning streak, retreating as a flare-up in geopolitical tensions between the United States (US) and Iran prompted investors to lock in profits following the weeklong rally. The Philippine Stock Exchange index (PSEi) fell 51.9 points, or 0.83 percent, to close at...
Local equities rose for a sixth consecutive day as heavy buying in port operator International Container Terminal Services Inc. (ICTSI) countered afternoon profit-taking triggered by escalating tensions in the Middle East. The Philippine Stock Exchange index (PSEi) advanced 28.66 points, or 0.46...
The Philippine Stock Exchange (PSE) is pushing back against the securities regulator’s decision to open the door to cryptocurrency trading, warning that the move risks siphoning individual investors away from traditional equities and undermining capital market development. The critique follows...
Local equities extended their winning streak to a fifth consecutive session as market sentiment received a boost from a slower-than-expected inflation print for June. The Philippine Stock Exchange index (PSEi) edged up 23.12 points, or 0.37 percent, to finish at 6,247.11 on Tuesday, July 7. Despite...
The Philippine Stock Exchange index (PSEi) rose for the fourth day on Monday, July 6, on expectations of a lower June inflation rate, although late profit-taking pared most of the day’s gains. The main index added 35.96 points, or 0.58 percent, to close at 6,223.99. Banks led the advance, while...
The Philippine Stock Exchange (PSE) expects total capital raised on the bourse to surpass ₱200 billion this year, driven by the wave of large-scale corporate offerings led by fintech giant Mynt, the parent company of mobile wallet GCash. Ramon S. Monzon, PSE president and chief executive officer,...
Underwriters managing the planned ₱92.3 billion initial public offering (IPO) of Mynt Inc., the operator of the mobile wallet GCash, are in discussions with regulators to reduce or eliminate a mandatory 20 percent share allocation for local trading participants. The push to modify the rule comes...
The Philippine Stock Exchange (PSE) has elected three new directors, including Dutch information technology expert Niek Johan van Veen, whom the bourse sought out to guide its transition to artificial intelligence (AI). In a briefing after the PSE’s annual stockholders’ meeting, newly reelected...
Razon-led International Container Terminal Services Inc. (ICTSI) is on track to become the first ₱2 trillion company listed on the Philippine Stock Exchange (PSE), rendering any speculative move to delist and seek an overseas debut unnecessary, according to the bourse’s top official. PSE...
The Philippine Stock Exchange index (PSEi) closed the week on a positive note as investor sentiment continued to be lifted by lower oil prices and improved macroeconomic signals. The main index rose by 62.31 points, or 1.02 percent, to close at 6,188.03 on Friday, July 3. Miners led the advance due...
Equities market rose for a second consecutive session as investors welcomed the World Bank’s reclassification of the country’s economic status and the steady performance in domestic manufacturing. The Philippine Stock Exchange index (PSEi) gained 56.46 points, or 0.93 percent, to close at...
Local equities stayed largely subdued in the first half of the year, yet a handful of corporate restructuring plays and tycoon-backed ventures triggered rallies for select companies. While the Philippine Stock Exchange Index (PSEi) ticked lower by 15.75 points, or 0.26 percent, to close out the...
