The Philippine Stock Exchange, Inc. (PSE) is revising its Main and Small, Medium and Emerging (SME) Board initial public offering (IPO) Listing Rules in a bid to attract more companies to list in the local bourse. “We reviewed our listing rules alongside the listing rules of our peer exchanges....
The local stock market is seen to continue to consolidate this week due to the absence of any market moving news. “So far, confidence towards the local market remains low due to the lack of an impetus that could boost appetite amid the lingering uncertainties in our economy and in our COVID-19...
The local stock market ended the last trading day of the week lower as investors continue to lock in gains. The PSEi shed 34.62 points or 0.58 percent to close at 5,908.90 with sectoral indices evenly mixed. Volume rose to 767 million shares worth P7.64 billion with gainers and losers tied at 94...
Share prices dropped Wednesday as investors were quick to pocket gains amid uncertainties. The Philippine Stock Exchange index dropped 71.59 points, or 1.19 percent, to close at 5,946.62 with only the Mining and Oil counter managing to advance. Volume was slightly lower at 652 million shares...
Fruitas Holdings, Inc. (FHI) re-allocating P165 million of its initial public offering proceeds to cover the acquisition of the site of its buko (young cononut) water commissary and its new headquarters. In a disclosure to the Philippine Stock Exchange, the firm said the P165 million is part of the...
The local stock market posted some gains on Monday as investors are becoming more upbeat about the reopening of the economy. The Philippine Stock Exchange index (PSEi) added 29.18 points, or 0.49 percent, to 5,997.14 although sectoral indices were evenly mixed. Volume remained weak at 1.13...
Stock market investors are seen to remain cautious this week and will be looking to the US Federal Reserve’s meeting for cues on whether to buy into the market or wait for more catalysts. Online brokerage firm 2TradeAsia.com said results of the Fed’s first convening will be announced on...
The local stock market ended the week on a positive note on Friday as investors continued to pick up bargains. The Philippine Stock Exchange index (PSEi) rose by 65.57 points, or 1.11 percent, to close at 5,967.96 with only the Financials and Mining and Oil sectors in the red. Volume...
