Stock investors are seen to remain cautious, despite last week’s strong performance, and will continue to watch for developments related to US trade and tariff negotiations although the start of the first quarter earnings season may inject some life into the local mark”“The local market rose...
As United States (US) President Donald Trump’s tariffs will continue to weigh down global equities markets this week, the Philippine Stock Exchange will not be an exception, although traders are hoping that low valuations and a possible rate cut by the Bangko Sentral ng Pilipinas (BSP) will spur...
The Securities and Exchange Commission’s (SEC) move to relax the rule on the single business group (SBG) investment limit will benefit conglomerates with multiple listed subsidiaries, such as the SM and Ayala groups, as well as the planned initial public offering (IPO) of GCash.Under the...
The stock market is seen to remain volatile amid uncertainty caused by US President Donald Trump’s tariff policies, as their impact may affect policy moves by the Federal Reserve.The Fed unanimously voted to keep rates unchanged at 4.5 percent for the second straight meeting of 2025, citing...
The Securities and Exchange Commission (SEC) has approved a proposal by the Philippine Stock Exchange (PSE) to exempt giant initial public offerings (IPOs), such as the upcoming IPO of GCash owner Mynt, from the 20-percent minimum public float requirement.“We have been able to get approval from...
Amid strong corporate results and hopes for an April rate cut, investors in the local stock market are seen to continue accumulating cheaper stocks this week while waiting for stronger catalysts.“The BSP (Bangko Sentral ng Pilipinas) is reportedly mulling an April rate cut but reiterates how...
While the local stock market managed to get out of its slump with a five-day rally last week, investors may be tempted to pocket some profits, especially in the first couple of days before taking cues from the release of foreign investments and dollar remittances data.“The local market has...
Amid declining casino revenues, Razon-led Bloomberry Resort Corp., owner and operator of the two Solaire and the Jeju Sun integrated resorts, is rolling its dice in the online gaming table.Sharing its online gaming plan with stock analysts, Bloomberry said it will fully launch its online gaming...
The Philippine Stock Exchange index (PSEi) ended almost flat on Monday, Feb. 24, as gains of banks and conglomerates managed to balance losses of other sectors.The main index shed 2.07 points or 0.03 percent to close at 6,095.97 with the industrial and services counters leading decliners. Volume was...
James L. Go, Chairman of the Gokongwei Group’s flagship JG Summit Holdings Inc., has been bargain-hunting and scooped up ₱48.13 million worth of shares of subsidiaries Robinsons Retail Holdings Inc. (RRHI) and Universal Robina Corporation (URC) this week.As stock analysts are optimistic about...
Investors in the local stock market will be watching out for cues from the Bangko Sentral ng Pilipinas’ policy meeting this week.The local market was able to bounce back last week, supported by active trading and net foreign inflows. In the process, the market was able to get past the 6,000 and...
While the local stock market is ripe for bargain-hunting after crossing the bear market line led to a steep drop last week, analysts warned that sentiment continues to be on the negative side due to macroeconomic factors here and in the US.“With four straight weeks of decline, we expect bargain...
