The Philippine Stock Exchange (PSE) announced the election of two new independent directors, Peter B. Favila and Andrew Jerome T. Gan, at the company’s annual stockholders’ meeting (ASM) held on August 5, 2023. Photo (from left, by row): President and CEO Ramon S. Monzon, Chairman and...
The Philippine Stock Exchange (PSE) reported an 11.6 percent improvement in net income for the first half of 2023 to P417.51 million compared to the same period last year on higher investment income. In a statement, the bourse said its operating revenues were lower by 12.9 percent to P740.09...
(MANILA BULLETIN) Economist-solon Albay 2nd district Rep. Joey Salceda has expressed confidence that the proposed Maharlika Investment Fund (MIF), once enacted, would give the Philippine stock market a shot in the arm. “The government also wants to have the MIF listed in the stock market, as a...
Local shares continued to slowly inch up yesterday, March 30, on the back of gains in US bourses. The Philippine Stock Exchange index(PSEi) added 13.78 points, or 0.21 percent, to close at 6,644.75 as the Services sector led the advance with only the Property counter declining. Volume was thin at...
The local market recovered most of the day’s steep losses as investors continue to fret over the possibility that the Fed will remain aggressive with rate hikes. The main index lost 19.39 points or 0.29 percent to close at 6,589.88 with sectoral indices evenly divided. Volume rose to 798...
The local stock market gained despite some profit-taking as investors wait for the February’s inflation figures. The main index added 15.75 points or 0.24 percent to close at 6,671.12 as the Services sector led the advance while Conglomerates declined. Volume fell to 656 million shares...
The local stock market rose after investor sentiment was boosted by the February inflation report. The main index gained 34.00 points or 0.51 percent to close at 6,705.12 as the Industrial sector led the advance but Conglomerates retreated. Volume improved to 1.82 billion shares worth...
Local share prices were higher but much lower than the day’s peak as investors wait for cues from economic data due in coming days. The main index inched up 15.32 points or 0.23 percent to close at 6,622.45 as Mining firms led the advance while Banks retreated. Volume was steady at 1.36...
The local stock market rose further as more firms report positive performances for the first half of the year. The main index expanded by 67.78 points or 1.07 percent to close at 6,430.08 although sectoral indices were evenly mixed with Conglomerates leading the advance while Miners lost the most....
The local stock market bounced after sliding for three days as investors started looking for bargains. The main index rose by 56.84 points or 0.84 percent to close at 6,800.96 as Banks led the advance although the Services sector lagged behind. However, volume remained anemic at 611 million shares...
The local stock market continued to weaken as investors wait for the Federal Reserve’s meeting on Thursday. The main index dropped 34.90 points or 0.52 percent to close at 6,744.12 as the Mining and Oil sector led all indices lower. Volume shrank to 483 million shares worth P3.3 billion as losers...
The local stock market is seen to have a downward bias as investors continue to fret over the impact of high inflation and rising interest rates although there may be a bit of bargain hunting that may be spurred by positive earnings reports. “The local market has already been declining for four...
