The Philippine Stock Exchange is planning to launch Global Philippine Depositary Receipts (GPDRs) as a means to allow Philippine investors to trade in stocks listed in overseas bourses. Prior to the launch, the PSE has issued a memorandum seeking public comments on its Proposed Rules for Global...
The local stock market made a strong bounce after a bout of profit-taking as the country’s economic outlook turns rosier. The main index jumped 96.12 points or 1.31 percent to close at 7,458.74 as Banks led the recovery while Miners lagged behind. Volume rose to 1.18 billion shares worth...
The local stock market finally succumbed to profit-taking after rallying in the past week. The PSEi dropped 69.59 points or 0.94 percent to end at 7,362.62 as Banks led the retreat while Miners bucked the trend as gold prices rise. Volume remains robust at 1.07 billion shares worth P8.05 billion as...
The local stock market rose further but ofc the day’s high as already positive investor sentiment was boosted by gains in US bourses. The main index added 14.96 points or 0.20 percent to close at 7,432.21 as the Property sector led the advance while Conglomerates and Services lagged behind....
Leading oil firm Petron Corporation has successfully raised P16.83 billion from its preferred shares offering, which was rated to have been 1.3 times oversubscribed versus initial target. “The proceeds from the offer will be used to redeem the company’s Series 3A Preferred Shares and fund...
The local stock market shrugged off profit-taking fears and shot up to the 7,400 level following the central bank’s announcement of a reduction in the reserve require ratio.
The local stock market may see initially some profit-taking this week following its recent rally although sentiment remains generally upbeat and will continue to buoy share prices. “The local market has been showing bullish momentum, rising for three straight weeks, with the latest one getting it...
The local stock market continues to rally and was up by more than a hundred points to breach the 7,300 level intraday as investors grow more upbeat amid monetary policy changes that will release more money into the system. The main index rose by 50.16 points or 0.70 percent to close at 7,252.32 as...
A young local stock brokerage, Luna Securities, Inc., is upping the ante in the competitive industry by slashing down its broker’s commission to an industry best rate of 0.12 percent to all of its clients, account holders and users of its trading app. In a media event, the company launched its...
The local stock market landed above the 7,200 level after the US Federal Reserve slashed interest rates as expected. The main index added 46.26 points or 0.65 percent to close at 7,202.16 led by the surge in Mining and Bank stocks with only Industrials declining. Volume jumped to 698 million shares...
The local stock market closed lower on late profit-taking on heavyweights as investors continue to wait for word from the US Federal Reserve. The main index dropped 19.46 points or 0.27 percent to end at 7,155.90 with sectoral indices split. Volume dipped to 865 million worth P6.01 billion as...
Philippine equities continued to rally as investors bet on a rate cut announcement by the US Federal Reserve. The main index raced up 71.16 points or one percent to close at 7,175.36 as Conglomerates led the charge with only the Services counter lagging behind. Volume was strong at 713 million...
