The Philippine Stock Exchange (PSE) has approved the listing application of Bank of Commerce (BankCom) which is planning to raise up to P4 billion from a planned initial public offering (IPO). The bank is planning to offer up to 280.6 million common shares at an offer price of up to P12.5 per...
The Philippine Stock Exchange will be returning to its full-day 5-hour trading schedule starting March 1, 2022 as new COVID-19 cases continue to decline, specially in the National Capital Region. PSE President & CEO Ramon S. Monzon In a Memorandum, PSE President Ramon S. Monzon said the...
Cash dividends paid out by companies listed at the Philippine Stock Exchange to common shareholders improved by 17.3 percent to P402.18 billion in 2021 from 2020’s P342.88 billion, boosted by real estate trust issues of listed firms. Data collated by the bourse show that this translates to...
Blaming market conditions, DITO CME Holdings Corporation has formally informed the Philippine Stock Exchange that it is deferring its P8 billion stock rights offering but the bourse said it has yet to approve the deferment. “The Exchange was notified by DITO CME Holdings Corp. that its...
Figaro Coffee Group, Inc. (FCG) successfully listed its shares at the Philippine Stock Exchange with its share price closing a notch higher at P0.77 apiece from its initial public offering price of P0.75 per share. FCG’s share price hit a high of P0.89 intraday, up 18.7 percent from its IPO price...
Residential developer Haus Talk, Inc. (HTI) marked its successful debut at the Philippine Stock Exchange’s Small, Medium and Emerging (SME) Board with its share price closing 10 centavos or 6.67 percent higher at P1.60 apiece. 59732 During its initial trading day, HTI shares ranged from a low of...
The Philippine Stock Exchange announced that it will be reverting to shortened trading hours starting Friday, Jan. 14, 2022, “in view of the surge in COVID-19 cases caused by the Omicron variant.” In a circular, PSE President Ramon S. Monzon said the bourse will have shortened trading hours...
The Philippine Stock Exchange has cancelled trading for Tuesday, Jan. 3, after failing to resolve a technical issue that prevented 43 brokers from connecting to the bourse’s trading system. The PSE initially announced a delay in market opening “due to a technical issue that is currently being...
The Philippine stock market benchmark index PSEi plunged 2.89 percent on the last trading day of 2021 to 7,122.63. This drop pulled the index to slightly lower than its 7,139.71 close in 2020 when the market was also reeling from the impact of the pandemic. The All Shares index shed 10.6 percent...
Solar Philippines Nueva Ecija Corporation (SPNEC), the developer of what is planned to be the largest solar project in Southeast Asia, has successfully made its trading debut on the Main Board of the Philippine Stock Exchange (PSE). The firm’s shares closed its first trading day at P1.01 per...
The Philippine Stock Exchange (PSE), in partnership with the Department of Trade and Industry through the Board of Investments (BOI), is holding a forum to encourage firm receiving government incentives to go public. In a statement, the PSE said they will conduct an initial public offering (IPO)...
Solar Philippines Nueva Ecija Corp. (SPNEC), the developer of what is planned to be the largest solar project in Southeast Asia, has kicked off its P2.7 billion initial public offering (IPO) which will run until Tuesday, Dec. 7. Based on documents filed with the Philippine Stock Exchange, the firm...
