China Banking Corporation (Chinabank) is confident of its continued growth trajectory as it marked its return to the benchmark 30-member Philippine Stock Exchange Index (PSEi) last Feb. 3, 2025. The PSEi is the local bourse’s main index, providing a snapshot of the market's overall condition by...
The local stock market started with a strong bounce but lost most of its intraday gains as investors worry about the impact of steep tariffs the US will be slapping on imports from Canada, Mexico, and China. The main index added 20.45 points or 0.35 percent to close at 5,883.04 with property firms...
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...
The Philippine Stock Exchange index (PSEi) plunged to a two-year low on Friday, Jan. 31, entering bear market territory, as funds rebalanced portfolios ahead of index recomposition. Investor sentiment was also dampened by the Philippines' low economic growth rate for 2024. The main index dropped...
The local stock market dropped further after the US Federal Reserve decided not to cut interest rates due to inflation. The main index lost 45.81 points or 0.74 percent to close at 6,107.66 with Miners and Conglomerates seeing the biggest losses while Property and Services managed to advance....
The group of lenders led by the Bankers Association of the Philippines (BAP) is selling a smaller stake in Philippine Dealing System Holdings Corporation (PDSHC) to the Philippine Stock Exchange than the amount earlier targeted. In a disclosure, the PSE said that it has entered into a Share...
The local stock market fell to a 14-month low as investors turned cautious and sold off shares ahead of the Chinese New Year holiday. The main index dropped 43.41 points, or 0.70 percent, to close at 6,153.47. The services sector plunged, while the banks and industrials sectors managed to gain....
The Securities and Exchange Commission (SEC) reported that there are currently 16 micro-, small, and medium enterprises (MSMEs) that are interested in an initial public offering (IPO) while 358 firms are potential crowdfunding issuers. During the SEC Roadshow on Capital Formation for MSMEs and...
The Philippine Stock Exchange (PSE) index continued its decline as investors awaited the results of the US Federal Reserve meeting and the release of Philippine economic growth figures. The main index plunged 99.32 points, or 1.58 percent, to close at 6,196.88, with the Industrial sector leading...
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...
Starting Feb. 3, 2025, the country’s first real estate investment trust AREIT Inc. will debut at the Philippine Stock Exchange’s 30-company benchmark index while China Banking Corporation will return to the PSEi after almost 14 years. In a statement, the PSE said the two firms will join the PSE...
Share prices fell despite gains in the US after the Philippine government cast doubts about meeting last year’s economic growth target. The main index dropped 82.66 points or 1.30 percent to close at 6,296.20 as Banks led the retreat with only Miners bucking the trend. Volume grew to 1.14...
