The local stock market ended with a marginal gain after failing to breach the 7,000 resistance level. The main index added 11.45 points or 0.16 percent to close at 6,973.41 although only the Property and Mining counters managed to advance. A total of 831 million shares worth P6.8 billion changed...
The Philippine Stock Exchange, Inc. (PSE) announced that it has entered into a Memorandum of Understanding (MOU) with Taiwan Stock Exchange (TWSE) that will formalize and strengthen the relationship between the two bourses. TWSE Chairman Sherman Lin and PSE President and CEO Ramon S. Monzon...
While the 7,000 level is a strong resistance for the Philippine Stock Exchange index (PSEi), the local stock market is seen to continue its bullish trend specially in the light of expectations of a September rate cut by the US Federal Reserve. “This week, the local market could still move with an...
The local stock market recovered the previous day’s loss and resumed climbing as investors hope for signs of a September cut by the US Federal Reserve. The main index added 61.34 points or 0.89 percent to close at 6,961.96 as Banks surged while the Property and Mining counters were in the...
The Philippine Stock Exchange has granted the request for voluntary trading suspension of SFA Semicon Philippines Corporation from today, August 22 until 9:00am of August 27, 2024 due to a planned tender offer and delisting. In a disclosure to the PSE, the firm said the requested suspension will...
The local stock market finally took a breather from its strong rally while investors wait for cues from the US Federal Reserve. The main index dropped 44.14 points or 0.64 percent to close at 6,900.62 with the Property sector leading the retreat while Industrials managed to advance. Volume...
The Philippine Stock Exchange’s benchmark, the PSEi, is seen to end the year at the 7,000 level as a favorable economic landscape is unfolding with lower interest rates and an easing inflation rate. “Our bottom-up analysis suggests a target of 7,000 for the PSEi in 2024, implying a...
The PSEi continues to rally and is moving closer to the 7,000 level as investor sentiment continues to be buoyed by last week’s positive developments. The main index hiked by 54.89 points or 0.80 percent to close at 6,944.76 although sectoral indices were evenly divided due to late...
The local stock market rose further on follow-through buying after last week’s cut in a key policy rate. The main index rose by 42.50 points or 0.62 percent to close at 6,889.87 led by the interest-rate sensitive Property sector although Industrials and Conglomerates declined on profit-taking....
The local stock market is seen to continue riding on optimism this week due to the Bangko Sentral rate (BSP) cut and expectations that the US Federal Reserve may start reducing rates by September. Philstocks Financial Research Manager Japhet Tantiangco said that, while the local market had a good...
The local stock benchmark surged past the 6,800 level after the Bangko Sentral finally cut the key policy rate after months of market speculation. The main index leaped by 165.53 points or 2.47 percent to close at 6,858.44 as the Services sector led the rally across the board. A total of 629...
The Philippine Stock Exchange, Inc. (PSE) is looking forward to seven public stock offerings worth a total of P48.36 billion that will be launched in September and in the last quarter this year. “In terms of listing, our fund raising pipeline at this time includes five FOOs (follow-on...
