The PSEi fell today, its fifth straight day of declines, on delayed reaction to the Moody’s downgrade of its credit rating for the US. The main index dropped by 119.51 points or 1.85 percent to close at 6,335.33 with the Services sector leading the retreat across the board. Volume rose to 1.35...
The PSEi dipped only slightly despite a credit rating downgrade for the US by Moody’s. The main index shed 10.69 points or 0.17 percent to close at 6,454.84 with sectoral indices evenly mixed. Volume was firm at 755 million shares worth P6.19 billion as losers outnumbered gainers 109 to 86 with...
As the local stock market is on an uptrend amid firmer investor sentiment, the Philippine Stock Exchange has upgraded its capital raising target for 2025 to about ₱170 billion from the previous ₱120 billion goal and double the amount raised last year, even without the much-anticipated GCash...
With the Philippine stock market on a six-week winning streak, investors will decide if gains can be sustained by taking cues from the release of the country’s balance of payments data, US jobs and home sales reports, as well as recent corporate earnings results. “The local market is already on...
The PSEi managed to close almost flat despite weaker economic data released both in the US and in the Philippines. The main index shed 1.33 points or 0.02 percent to close at 6,465.53 with sectoral indices evenly divided. Volume was relatively stable at 730 million shares worth P6.59 billion as...
The acquisition of the fixed-income bourse boosted the earnings of the Philippine Stock Exchange, Inc. (PSE), which reported a 5.1 percent uptick in its net income for the first quarter of 2025 to ₱254.67 million from ₱242.38 million in the same period last year. The PSE said financial...
The PSEi fell as cautious investors continued to take profits while digesting mixed first quarter earnings reports. The main index dropped 84.95 points or 1.30 percent to close at 6,466.86 as Miners led the retreat although Conglomerates bucked the trend by advancing. Volume declined to 1.54...
The UK meat alternative business continues to erode the earnings of food and beverage giant Monde Nissin Corporation, although Quorn’s losses and the principal shareholders’ guarantee have further exacerbated the situation, rather than easing the burden. In a disclosure to the Philippine Stock...
The local stock rallied after the early release of results of a peaceful mid-term elections and a pause on the US-China trade war. The main index jumped by 108.62 points or 1.68 percent to close at 6,566.82 as the Services sector lead the charge while Miners lagged behind as gold prices dropped....
Investors in the Philippine stock market will be watching out for news on how the mid-term elections was conducted and how the Marcos administration’s candidates fared while also waiting for the release of remittance numbers. Rizal Commercial Banking Corporation Chief Economist Michael L....
The local stock market ended the week higher as investors cheered to announcement of a trade deal between the US and the UK. The main index jumped 68.71 points or 1.08 percent to close at 6,458.20 as Conglomerates led the advance while Miners declined with weaker gold prices. Volume grew to 738...
Cebu Air Inc., the operator of Gokongwei-led budget carrier Cebu Pacific, reported that its net income declined by 79 percent in the first three months of the year, driven by costs related to its fleet and network expansion. In a disclosure to the Philippine Stock Exchange (PSE), Cebu Air said its...
