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...
JG Summit Holdings Inc., the flagship of the Gokongwei Group, has announced the shutdown of its petrochemical business, JG Summit Olefins Corporation (JGSOC), due to substantial losses incurred amid challenging market conditions. In a statement, JGSOC said, "Given persisting unfavorable market...
Stock market investors are hoping for some positive cues from the US Federal Reserve this week although both sentiment and technical indicators point downward even though share prices are already at attractive levels. Philstocks Financial Research Manager Japhet Tantiangco said “The local market...
A lack of fresh leads is expected to keep the local stock market bearish this week, but bargain hunters may find opportunities as prices reach a seven-month low. “The local market has turned more bearish last week as it extended its decline. At the same time, the market has broken below the 6,400...
The release of the December 2024 inflation numbers will heavily influence the local stock market this week as trading volume normalizes with traders returning from the holidays. “Eyes are going to be on the Philippines’ December inflation data as this will provide clues on the Bangko Sentral ng...
Entering the new trading year 2025, stock market investors are faced with a lot of uncertainties as both risks and positive factors mingle to present a hazy picture in analysts’ crystal balls. For Chinabank Capital Corporation Managing Director Juan Paolo Colet, “Next year [2025] presents a...
Investor sentiment in the local stock market is expected to remain bearish this week due to prospects of fewer rate cuts in 2025, a weakening peso, and concerns related to the government’s budget for next year. "The local market is turning more bearish as it extended its decline last week," said...
JG Summit Holdings Inc., the flagship of the Gokongwei Group, is planning a temporary shutdown of its petrochemical business in the hope of reducing its operational losses. “Management noted that the petrochemical industry continues to face significant challenges, marked by continued softness in...
Stock market investors are hoping that the policy meetings of the Bangko Sentral ng Pilipinas (BSP) and the US Federal Reserve this week will spur bargain-hunting as share prices remain low amid bearish market sentiment. According to Philstocks Financial, investors are looking for positive...
Real estate giant Ayala Land, Inc. has raised P2.78 billion from the sale of 75 million common shares of AREIT, Inc. at a transaction price of P37.00 per share. In a disclosure to the Philippine Stock Exchange, ALI said the shares, equivalent to about 2.33 percent of AREIT, were sold under a...
Property giant Ayala Land Inc. (ALI) is preparing another asset infusion into its real estate investment trust, AREIT Inc., following the divestment of P2.78 billion worth of AREIT shares. Philippine Stock Exchange data showed that three blocks sales of AREIT shares were done at the bourse...
With the Christmas season in full swing, the local stock market is seen to gather optimism from hopes of rates cuts by both the Federal Reserve and the Bangko Sentral ng Pilipinas this month. “The local market was able to bounce back last week and close at the 6,700 - 6,800 support range. This...
