Local equities fell for a fourth consecutive day, tracking a global retreat in risk assets after United States (US) President Donald Trump escalated trade tensions with fresh round of tariff threats against European allies to pressure the sale of Greenland. The Philippine Stock Exchange index...
The Philippine Stock Exchange index (PSEi) is poised to reclaim the 7,000 level this year as the central bank’s pivot toward monetary easing and sweeping expansion of real estate investment trust rules draw investors back to local equities. Investment & Capital Corporation of the Philippines...
The Philippine Stock Exchange index (PSEi) started the week lower as investors took profits from recent gains, as expected. The main index dropped 26.89 points, or 0.42 percent, to close at 6,437.78 on Monday, Jan. 19. Banks led the retreat, although the services sector advanced, while the...
Local stocks edged lower Friday, Jan. 17, as investors locked in gains from a recent rally, pressured by weakening peso and seasonal dip in money sent home by Filipinos working abroad. The Philippine Stock Exchange index (PSEi) slipped 22.86 points, or 0.35 percent, to settle at 6,464.67. While the...
The Philippine Stock Exchange index (PSEi) rebounded sharply on Thursday, Jan. 15, as investors bet on looming interest rate reduction by the central bank and digested an optimistic medium-term growth outlook from the World Bank. The main index climbed 97.72 points, or 1.53 percent, to finish at...
Profit-taking continued to pull down the Philippine Stock Exchange index (PSEi) as sentiment was weighed down by the weaker peso, which fell to a new record low of ₱59.44 versus the United States (US) dollar on Wednesday, Jan. 14. The main index dropped 18.95 points, or 0.3 percent, to close at...
The Philippine Stock Exchange index (PSEi) rose on Tuesday, Jan. 13, as investors used the double-digit decline in foreign direct investment data as catalyst to lock in gains following a three-day rally. The benchmark index fell 11.2 points, or 0.17 percent, to finish at 6,408.76. While the retreat...
Jollibee Foods Corp.’s ambitious plan to spin off its international business and list it on a United States (US) stock exchange is facing pushback from Philippine market regulators and analysts, who warn that local investors may find themselves holding shares they cannot easily trade. The...
The Philippine Stock Exchange (PSE) extended its winning streak to open the week as investors increased bets that a looming pivot toward monetary easing will catalyze domestic economic growth. The PSE Index climbed 71.82 points, or 1.1 percent, to finish at 6,419.96 on Monday, Jan. 12. The move...
The Philippine Stock Exchange index (PSEi) closed the week in the green as investors continued to buy up shares amid upbeat economic forecasts as well as increased foreign buying. The main index added 27.47 points, or 0.43 percent, to close at 6,348.14 on Friday, Jan. 9. Services still led the...
BDO Unibank Inc., the Philippines’ largest lender by assets, provided ₱30 billion to help finance Prime Infrastructure Capital Inc.’s acquisition of a controlling stake in gas assets previously held by First Gen Corp. In a statement, BDO said the financing accounts for 60 percent of the ₱50...
Local stocks edged higher as investors focused on the prospect of interest-rate cuts by the central bank, looking past the record low for the local currency and a mixed batch of economic data. The Philippine Stock Exchange index rose 28.58 points, or 0.45 percent, to close at 6,320.67 on Thursday,...
