Local stocks fell, ending the week lower as a second day of United States (US) airstrikes in Iran drove oil prices higher, stoking renewed global inflation fears and dimming investor appetite for risk assets. The Philippine Stock Exchange index (PSEi) slid 31.30 points, or 0.53 percent, to close at...
The Philippine Stock Exchange index (PSEi) dipped marginally on Wednesday, June 10, after shots were again fired between the United States (US) and Iran as the prolonged conflict approached its 100th day. The main index shed 4.35 points, or 0.07 percent, to close at 5,941.36. Mining and oil stocks...
Local equities rebounded from a previous session of losses as investors seized on beaten-down shares following the fragile de-escalation of geopolitical hostilities in the Middle East. The Philippine Stock Exchange index (PSEi) advanced 66.3 points, or 1.13 percent, to settle at 5,945.71 on...
Philippine stocks remain among Asia’s weakest performers as investors continue to favor markets benefiting from the artificial intelligence (AI) boom, while concerns over domestic economic, investment, and policy conditions weigh on sentiment, according to Singapore-based DBS Bank Ltd. In a...
The Philippine Stock Exchange index (PSEi) opened the week on a negative note as share prices dropped on Monday, June 8, following an escalation in hostilities in the Middle East. The main index lost 58.97 points, or 0.99 percent, to close at 5,879.41. Miners led the retreat across the board due to...
The Securities and Exchange Commission (SEC) is streamlining the securities borrowing and lending framework by centralizing administrative functions with the Philippine Stock Exchange (PSE), reinforcing efforts to build a more efficient and integrated short-selling market in the country. The...
The local stock market is seen to continue having a negative bias this holiday-shortened week despite the lower-than-anticipated inflation data released last week, amid continued uncertainty in the Middle East and its impact on prices and interest rates should hostilities escalate. “The local...
Local equities advanced as consumer price growth slowed more than economists anticipated, tempering fears of prolonged aggressive monetary tightening, but gains were capped later in the session amid escalating geopolitical tensions in the Middle East. The benchmark Philippine Stock Exchange index...
Local stocks declined, snapping a three-day rally, as investors locked in profits ahead of the inflation data and amid escalating geopolitical tensions in the Middle East that threatened to disrupt global energy markets. The benchmark Philippine Stock Exchange index (PSEi) slid 41.24 points, or...
The Philippine Stock Exchange (PSE) Inc. proposed a uniform framework for all market-making operations, moving to revive thin trading volumes and expand liquidity tools beyond exchange-traded funds (ETFs). The draft rules seek to institutionalize a standardized system for brokers to continuously...
Local equities rose for the third consecutive session as International Container Terminal Services Inc. (ICTSI) single-handedly propelled the benchmark index higher, masking widespread weakness across the broader market. The Philippine Stock Exchange index (PSEi) gained 40.48 points, or 0.69...
In 1913, at a roulette table in the Monte Carlo Casino, the ball lands on black five times in a row. Sensing opportunity, a couple of players lean in and place small bets on red, thinking the streak had gone on long enough, and that the next spin will probably be red. The ball continues landing on...
