The Securities and Exchange Commission (SEC) has committed to ensure the sustainability of reforms it started that paved the way for the Philippines’ imminent exit from the “gray list” of the global anti-money laundering watchdog Financial Action Task Force (FATF). In a landmark...
During this shorter trading week, investors are seen to pick up some bargains after local share prices fell last week due to the damage caused by the typhoon and its expected impact on the economy. “The local market is having a hard time getting past the 7,400 - 7,500 resistance range as the...
The PSEi fell, weighed down by losses in the US amid economic uncertainties and rising Treasury yields. The main index dropped 83.87 points or 1.14 percent to close at 7,283.79 with Banks leading the retreat. Volume slipped to 776 million shares worth P3.8 billion as losers swept gainers 139 to 53...
The local stock market dropped with Wall Street and as investors worry over the impact of the typhoon. The PSEi lost 45.5 points or 0.61 percent to close at 7,367.66 as the Services sector led the retreat while Miners and Conglomerates advanced. Volume declined to 1.2 billion shares worth...
The local stock market continues to move sideways as investors wait for third quarter earnings reports. The main index eked out a gain of 6.53 points or 0.09 percent to close at 7,413.16 as Services and Industrials advanced, but more sectors were in the red. Volume improved to 916 million shares...
Based on the 2024 mid-year report of the Prime Philippines, a total occupancy rate of 80 percent at the close of H1 2024, the Philippine office market ranks among the strongest across the globe, behind only Singapore and India. In Metro Manila alone, according to Colliers Philippines, office space...
The local stock market dipped on thin trading as investors wait for fresh corporate earnings reports to come out. The main index shed 9.1 points or 0.12 percent to close at 7,406.63 with sectoral indices evenly mixed. Volume was weak at 638 million shares worth P3.3 billion as losers outnumbered...
Local stock market bulls will be looking at the start of the earnings season for more steam to continue its run after hitting a wall at the 7,400 to 7,500 as the weakening of the Peso together with offshore uncertainties weigh on sentiment. “With the local market still deemed to be attractive, we...
The two recent rate cuts by the Bangko Sentral ng Pilipinas (BSP) amounting to 50 basis points is not expected to affect the earnings of banks until the middle of 2025 although the sector has been outperforming in the local stock market. “The banking sector continued to outperform the market,...
The local stock market ended the last trading day of the week with a slight uptick with investors looking forward to the start of the season for the release of third quarter earnings reports. The main index added 15.40 points or 0.21 percent to close at 7,415.73 with Miners leading the advance...
Local share prices dropped in afternoon trading as investors turn cautious amid global uncertainties after rising in the morning session due to the rate cut. The main index lost 36.67 points or 0.49 percent to settle at 7,400.33 as Conglomerates led the retreat while Banks managed to advance....
The local stock market surged on expectations of another rate cut by the Monetary Board later this week. The main index rallied by 129.90 points or 1.77 percent to close at 7,456.31 as the Property sector led the charge although Miners declined due to lower gold prices. Volume was higher at 553...
