The local stock market moved up after news that US inflation slowed down in November, boosting hopes of less aggressive interest rate hikes. The main index added 32.69 points or 0.50 percent to close at 6,615.07 as Conglomerates led the advance but the Property counter stayed in the red. Volume...
Leisure & Resorts World Corporation (LRWC) said its stockholders have approved the issuance of 691,200,000 common shares to raise up to P1.85 billion in a new round of private placement. In a statement, LRWC said the issuance was approved through its Special Stockholders’ Meeting held on...
The local stock market closed flat as investors wait for the meetings of US and Philippine central banks. The main index shed 2.82 percent or 0.04 points to close at 6,582.38 as sectoral indices were evenly split. Volume was thin at 705 million shares worth P5.4 billion as losers beat gainers 113...
Emperador Properties, the $1-billion personal real estate investment company of tycoon Dr. Andrew L. Tan, is going public as the first and only Filipino company to be listed in the Spanish stock exchange. In a statement, the firm said it became a REIT (known as SOCIMI in Spain) in September 2021....
The PSEi lost most of its early gains but managed to remain in the green at the end of trading. The main index ibched ip 5.08 points or 0.08 percent to close at 6,585.20 mainly on the strength of Banks as the Services and Property counters retreated. Volume was lower at 570 million shares worth...
The local stock market will be taking cues this week from the result of the last meeting of the US Federal Reserve to see if it will start tempering its previously aggressive rate hikes. “Last week, the local bourse staged a 1.39 percent rebound. However, an extension of its ascent is still...
The local stock market bounced from last Wednesday’s drop on more optimism over the US and Chinese economies. The main index rose 54.96 points or 0.84 percent to close at 6,580.12 as the Services sector led at advance while Banks and Industrials retreated. Volume remained steady at 516 million...
Local share prices fell after the previous day’s spike after weakness i US markets prompted investors to take profits. The main index lost 149.22 points or 2.24 percent to close at 6,525.16 as the Property sector led the retreat although the Services and Mining and Oil counters managed to stay...
The local stock market ignored the high November inflation rate amd surged on positive news overseas. The main index jumped 232.25 points or 3.61 percent to close at 6,674.38 as Conglomerates led the rally. Volume improved to 582 million shares worth P6.04 billion as gainers beat losers 100 to 81...
The local stock market lost early gains to end lower as investors opted to take profits late in the session. The main index lost 47.52 points or 0.73 percent to close at 6,442.13 as the Services sector led the retreat although the Industrial and Property counters remained in the green. Volume eased...
The week may start with some bargain hunting following the PSEi’s plunge last Friday after hitting overbought levels, but the November inflation report on Tuesday will determine the stock market’s direction in the following days. Online brokerage 2TradeAsia.com said “The Fed's shift in tone...
KPP Powers Commodities (KPP Powers), a Filipino firm engaged in the marketing of veterinary and pharmaceutical products, has acquired the exclusive distributorship of African Swine Fever (ASF) vaccines from Vietnam manufacturer AVAC Vietnam Joint Stock Company (AVAC). The partnership marked an...
