The Philippine Stock Exchange, Inc. and the Philippine Dealing System Holdings Corporation have expressed strong support for the passage of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Bill. The CREATE Bill is another landmark bill in a series of reform measures intend...
The local stock market posted more gains but off the day’s high after investors were quick to take profit. The main index was up 14.91 points or 0.21 percent to close at 7,304.79 with only the Property and Mining & Oil counters in the red. A total of 19.98 billion shares worth...
Local share prices weakened further as investors worry over the new strain of the coronavirus that is causing a spike in COVID-19 cases. The main index dropped 86.33 points or 1.21 percent to close at 7,047.85 as all sectors lost ground. Volume remained high at 22.68 billion shares worth P11.91...
Philippine share prices retreated after US markets opened the year in the red on concerns over COVID-19 and the run-off elections in Georgia. The main index lost 63.32 points or 0.88 percent to close at 7,134.18 with only the Industrial counter holding its ground. Volume increased to 30.76 billion...
Stock market investors started the new year with optimism, pushing the main index up on the first trading day of 2021. Photo credit: (https://www.pse.com.ph/) The PSEi rose 57.79 points or 0.81 percent to close at 7,197.50 with only the Financials sector retreating. A hefty 21.55 billion shares...
Michael Gerard “Mike” Enriquez Sun Life Philippines expects the Philippine economy to undergo a “U-shaped,” a longer type of recovery and a return to trend line growth in the next two years. Michael Gerard D. Enriquez, Sun Life chief investments officer, said the country’s economy,...
Lopez Holdings Corporation has formally filed a petition for voluntary delisting of its 4.63 billion common shares from the main board of the Philippine Stock Exchange (PSE). In a disclosure to the Philippine Stock Exchange, the firm said the delisting is conditioned on the public float...
The local stock market continued to rise as investor sentiment remains buoyant. Photo credit: (https://www.pse.com.ph/) The main index gained 35.19 points or 0.49 percent to close at 7,281.35 with only the Property counter retreating. Volume was slightly lower at 46.02 billion shares worth P8.93...
While the Philippine stock market continues to defy expectations of a correction, analysts continue to believe that it is time to take some money off the table as stock prices have gone up too high, too fast. Seen...
While there is still momentum in the local stock market from last week’s rally, its sustainability will hinge on whether there will be more positive news on COVID-19 vaccines and the US stimulus package. BDO Chief Market Strategist Jonathan Ravelas said that, after hopes of a vaccine fueled last...
The local stock market managed to sustain the previous day’s rally despite a weak start as investors continued to buy up shares. The main index rose 71.06 points or 1.01 percent to close at 7,080.62 with only the Services and Mining and Oil counters retreating. Volume eased to 3.9...
