The PSEi dropped in the last trading day of the month as investors took profit from the previous day’s spike in prices. The main index lost 63.33 points or 0.99 percent to close at 6,315.93 as Conglomerates led the retreat although the Banks and Services counters continued to advance....
From left: CPF Philippines Vice President, Phaisarn Rewriab; CPF Philippines Chief Finance Officer, Supakitti Bunvet; CPF Philippines President, Udomsak Aksornphakdee; DBP Senior Vice President, Carolyn I. Olfindo; and DBP Assistant Vice President, Rallen O. Verdadero. State-owned Development Bank...
The local stock market rallied on news that the US Federal Reserve may no longer need to raise rates as aggressively in the near term. The PSEi shot up by 142.50 points or 2.29 percent to close at 6,379.26 as Banks and Conglomerates led the charge. Volume improved but remained thin at 567 million...
Multi-media firm ABS-CBN Corporation assured its shareholders of its commitment to return to profitability and protect their investment in the company. During the firm’s annual stockholders’ meeting, ABS-CBN President and CEO Carlo Katigbak said cited “improvements and the continuing upward...
Concepcion Industrial Corporation, the country’s leading provider of consumer lifestyle and building & industrial solutions, posted a 27 percent drop in net income for the first half of 2022. In a disclosure to the Philippine Stock Exchange, the firm said this is primarily because of the...
Township developer Megaworld Corporation is launching its third residential condominium project worth P2.8 billion inside the 35.6-hectare Capital Town in the City of San Fernando, Pampanga. In a disclosure to the Philippine Stock Exchange, the firm said the 15-storey Montrose Parkview will offer...
China Banking Corporation reported a 39 percent jump in net profit to P10.1 billion in the first six months of 2022 from the P7.3 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said earnings growth was driven mainly by higher net interest...
The PSEi managed to close higher after sluggish trading during the day as investors continue to wait for news from the US Federal Reserve. The main index eked out a gain of 13.76 points or 0.22 percent to close at 6,236.76 with Banks leading the advance while the Property sector lagged behind....
The local stock market improved only slightly after the previous day’s much awaited State of the Nation Address as investors adopt a “wait-and-see” attitude. The main index inched up 13.47 points or 0.22 percent to close at 6,223.00 with Conglomerates leading the advance as the Banks and...
The local stock market lost ground as investors wait for the President’s State of the Nation Address (SONA). The main index dropped 53.86 points or 0.86 percent to close at 6,209.53 as Banks led the retreat although the Property and Mining counters managed to advance. Volume remained thin at 517...
Atlas Consolidated Mining and Development Corporation reported a slight improvement in net income to P2 billion in the first half of 2022 from the P1.94 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said “The improvement in the bottom line...
NOW Telecom Company, Inc., together with affiliate NOW Corporation (NOW Corp.), is negotiating the possible lease of towers for 5G installation with SBA Towers Philippines Inc., a subsidiary of NASDAQ-listed SBA Communications Corporation. In a disclosure to the Philippine Stock Exchange, NOW Corp....
