The local stock market dipped as investors remain cautious prior to the release of various economic data in the US and locally. The main index shed 19.27 points or 0.27 percent to close at 7,115.09 with the Mining and Oil counter leading the retreat while Banks and Industrials managed to advance....
The local stock market was again saved by last-minute buying to close higher after early losses. The main index inched up by 9.52 points or 0.13 percent to close at 7,134.36 although only the Industrial and Holding Firms sectors managed to advance while the rest retreated. Volume was low at 768...
Solar Philippines Nueva Ecija Corporation (SPNEC) has firmed up plans for its stock rights offering (SRO) worth up to P3.3 billion. In a disclosure to the Philippine Stock Exchange, the firm said it plans to seek regulatory approval for the SRO at an entitlement ratio of one share for every 1.28...
Dividends remitted by government-owned or controlled corporations (GOCCs) surpassed its pre-pandemic collection last year, driven by the fiscal discipline imposed on state-run firms, the Department of Finance (DOF) said. Data from the DOF’s Corporate Affairs Group (CAG) showed on Monday, March...
Analysts are cautiously optimistic about prospects at the local stock market given the resilience showed by the PSEi last week although risks posed by global supply disruptions and inflation remain. Last trading week, the local market managed to close still at its 7,000 - 7,100 support range. Also,...
The PSEi extended its gain as investors bought up stocks before the market closed for the week. The main index hiked 42.23 points or 0.60 percent to close at 7,124.84 with the Financials and Services sectors leading the advance although the Property and Mining and Oil counters retreated. PSE...
Filinvest REIT Corp. (FILRT), the real estate investment trust of the Filinvest group, reported a net income of P1.9 billion in 2021. In a disclosure to the Philippine Stock Exchange, the firm said this was achieved on the back of rental and other revenues that reached P3.4 billion and a gain on...
Diversified conglomerate San Miguel Corporation (SMC) said it remained committed to build the P95-billion Pasig River Expressway (PAREX) as a safe, reliable and sustainable infrastructure. In a statement, SMC President and Chief Operating Officer Ramon S. Ang said the 19.37-kilometer road will link...
The local stock market firmed up on optimism over the government’s new agenda to boost the economy. The main index rose 73.18 points or 1.04 percent to close at 7,082.61 as the Mining and Oil counter surged while Banks and the Property sector retreated. Volume improved to 15 billion shares worth...
Food manufacturer Monde Nissin Corporation reported that its unaudited net income fell 60.5 percent to P3.2 billion in 2021 primarily due to one-off items related to its Arran convertible note and initial public offering. In a disclosure to the Philippine Stock Exchange, the firm said attributable...
AllHome Corporation, owner of the country’s pioneering one-stop full line home center, is optimistic about its prospects as it reports a marked increase store footfall to pre-pandemic levels. AllHome Chairman Manuel B. Villar, Jr. In a disclosure to the Philippine Stock Exchange, AllHome and...
The PSEi managed to end flat on low volume as investors pushed the benchmark back to the green towards the end of the session. The main index eked out a fractional gain of 0.49 of a point or 0.01 percent to close at 7,009.43 with sectoral indices evenly mixed. Volume dropped to 1.4 billion shares...
