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Stocks move in step with Asia-wide rally
Local stocks recovered yesterday, moving in step with Asian peers, ahead of US inflation data that could influence the Federal Reserve’s thinking on rate cuts, while the crypto world got a boost after exchange-traded funds to track Bitcoin were approved in the United States......»»
PSEi tumbles as Fed quashes rate cut hopes
Local stocks retreated yesterday as investors took cues from Wall Street’s overnight performance......»»
Stocks snap 3-day rally as investors take profits
Local stocks took a breather yesterday, ending a three-day rally as investors cashed in on the market’s recent gains......»»
Historically low valuation
The Philippine stock market bloodbath over the past two years saw the PSEi plummet from 7,122.6 on the last trading day of 2021 to 6,566.4 on the last trading day of 2022 for a 7.8 percent annual retreat and slide even further in 2023 to close at 6,450.0 on the last trading day of the year. In terms of valuation, the PSEi’s 2023 year-end 12.9x price-to-earnings (P/E) ratio does not fare well when compared against its past performance in prior years......»»
RCBC raises $400 million from oversubscribed sustainability notes
Rizal Commercial Banking Corp. (RCBC) has raised $400 million from its return to the offshore debt market as investors swarmed its sustainability note issuance......»»
First Metro thinks PSEi could hit 7,500 this year
First Metro Investment Corp head of research, Cristina Ulang, said that the PSEi could rise to as high as 7,500 this year......»»
SPNEC confirms it is looking for investors in Terra Solar to help fund project dev t
SP New Energy, Meralco’s new renewable energy subsidiary, confirms a report that it was seeking investors to help fund the development of the 3.5 GW Terra Solar project, but clarified that it is only seeking investors “at the Terra Solar Philippines Inc. level,” and that it has only “just launched the process and are still in discussions with various possible investors.” .....»»
Market tumbles below 6,800 amid profit taking
The stock market fell below the 6,800 level yesterday as investors continued to engage in profit taking following its recent rally......»»
Stocks rebound as Wall Street bounces back
Local stocks bounced back yesterday to close the week on a positive note as the local bourse mirrored gains in the US market......»»
Stocks extend losing streak
Local stocks continued its descent as investors took a cautious approach ahead of the Bangko Sentral ng Pilipinas policy meeting......»»
Philippine stocks fall as investors realign holdings
Local stocks tumbled yesterday ahead of month-end realigning of portfolios......»»
Olympic, outreach cap fire prevention month
Olympic, outreach cap fire prevention month.....»»
CCAP: Current credit card rate cap sufficient
The Credit Card Association of the Philippines said it fully supports the assessment process of the Bangko Sentral ng Pilipinas in adjusting or keeping the cap on credit card charges, adding that the current ceiling is sufficient......»»
BSP to review 3 percent rate cap on credit card transactions
The Bangko Sentral ng Pilipinas will review this month whether to keep or hike the three percent interest rate cap on credit card transactions......»»
SPNEC pumps on inclusion to MSCI Philippines Small Cap Index
SP New Energy gained more than 6% yesterday after news that it will be included in the MSCI Philippines Small Cap Index when it is rebalanced on February 29......»»
Investors take profits ahead of Holy Week break
The stock market fell below the 6,900 level once more to end the week in the red as investors cashed in on their profits......»»
PSEi falls, mirrors US equities
Local stocks plunged to close the week in the red as they mirror negative sentiment in US equities......»»
Stocks eke out gains, back at 6,900
The stock market eked out gains to move back up to the 6,900 level as investors continued to hunt for bargains......»»
Stocks pull back on inflation impact
Investors yesterday pulled the market back closer to the 6,900 territory, pricing in the impact of inflation landing on the higher end of the target band......»»
Stocks bounce back as market cheers higher FDI inflow
The stock market bounced back yesterday as investors cheered the country’s November net inflow of foreign direct investments......»»