Investors of SM Prime Holdings Inc. (SMPH) who bought shares during its initial public offering (IPO) in 1994 and held on to them for the next 30 years have now seen their investments balloon by 972.6 percent. (from left): SMPH Executive Committee Chairman Hans T. Sy, SMPH Vice Chairperson...
The local stock market dropped on profit-taking, prompted partly by the withdrawal of US President Joe Biden as candidate for reelection later this year. The PSEi lost 79.64 points or 1.17 percent to close at 6,712.05 with the Services sector leading the retreat while the Property and Mining...
Sentiment at the local stock market is still seen to be buoyed by expectations of a rate cut although some stocks may be vulnerable to profit-taking following recent gains. “We continue to see a build up in positive momentum for the local bourse as it extends its rally to a fourth straight week....
The local stock market ended the week on positive footing as share prices jumped due to an improving economic picture. The main index jumped 86.68 points or 1.29 percent to close at 6,791.69 with Banks leading the rally as Miners lagged behind. Volume rose to 587 million shares worth P6.84 billion...
The local stock market edged up on cautious trading, bringing the PSEi back to the 6,700 level as the peso strengthened against the US dollar. The main index rose by 17.30 points or 0.26 percent to close at 6,705.01 as Banks led the advance although half of the sub-indices retreated. Volume was low...
The PSEi gained on higher US stocks and stable economic forecasts for the Philippines. The main index added 20.62 points or 0.31 percent to close at 6,687.71 with Miners rallying although sectoral indices were evenly mixed. Volume dipped to 694 million shares worth P4.22 billion as...
The Philippine Stock Exchange (PSE) has warned Metro Global Holdings Corporation (MGH), a firm controlled by Robert John L. Sobrepeña, that its shares will be delisted in the first week of the ghost month if it fails to increase its public ownership. In a memorandum to stock market...
By James A. Loyola The local stock market ended weaker after some gains early in the day after investors started pocketing profits. The main index lost 22.28 points or 0.33 percent to close at 2,697.04 with Banks leading the retreat. Volume was firm at 352 million shares worth P5.41 billion as...
By James A. Loyola NexGen Energy Corporation, a renewable energy corporation with a portfolio of solar and wind service contracts, debuted on the upside at the Philippine Stock Exchange (PSE) with its share price rising 1.79 percent to P1.71 per share. The firm and its principal shareholders raised...
The local stock market ended the day higher but below the 6,700 level which it breached in the morning, as investors anticipate rate cuts in the US and Philippines. The Philippine Stock Exchange index (PSEi) added 41.14 points or 0.62 percent to close at 6,689.37 with the Property sector leading...
While investors show optimism amid expectations of an interest rate cut by the US Federal Reserve and the Bangko Sentral ng Pilipinas, some volatility may still be seen as it may take two more months before this finally happens. Online brokerage firm 2Tradeasia.com noted how “deeply entangled the...
The local stock market closed the week higher as investor sentiment remains upbeat amid expectations of a rate cut following the decline in the US inflation rate. The Philippine Stock Exchange index added 38.99 points, or 0.59 percent, to end at 6,648.23. The Services sector led the advance, while...
