Stocks finish lower
May 15, 2017
The Philippine Stock Exchange closed 42.60 points lower to 7,772.93 points on Monday as several blue chip issues declined. Volume reached 1.39 billion shares valued at P7.48 billion. In the broader market, there were 112 losers and 85 gainers while
Stocks pare losses, peso up
May 12, 2017
Stocks rallied after the index fell behind by at least 80 points to close flat on Friday. The Philippine Stock Exchange ended 0.87 points lower to 7,815.53 points. At the broad market there were 124 losers, 81 gainers and 33
Lower mobile phone revenues pull down PLDT first quarter income
May 12, 2017
PLDT Inc. announced on Friday lower net profit in the first quarter mostly due to weak revenues from its mobile phone business. PLDT, partly owned by Hong Kong’s First Pacific Co. Ltd. and Japan’s NTT group, said net income declined
Philippines, Japan officials firm up Tokyo infra commitments
May 12, 2017
Philippine officials and their Japanese counterparts have met in Yokohama, Japan on the sidelines of the recent 50th annual meeting of the Asian Development Bank (ADB) to firm up commitments on projects covered by the one-trillion yen financing package pledged
Slight gains for stocks
May 11, 2017
Stocks gained slightly on Thursday as the Philippine Stock Exchange rose 22.23 points to 7,816.40. In the broader market, there were 108 gainers, 94 losers and 45 shares unchanged. Volume reached 3.92 billion shares valued at P15.59 billion. Foreign funds
Philippine trade continues growing by double digits
May 11, 2017
The National Economic and Development Authority said trade grew 22.7 percent in March, following notable progress in exports and imports. NEDA-attached agency Philippine Statistics Authority reported total trade grew to $13.5 billion, with imports and exports growing 24 percent and
Stocks retreat, peso weakens slightly
May 10, 2017
Stocks retreated further on Wednesday as the Philippine Stock Exchange Index ended 129.23 points lower to 7,794.7 points. In the broader market, decliners reached 133 while gainers were 78. There were 35 issues unchanged. Volume reached 2.88 billion shares valued
PSE approves two initial public offerings
May 10, 2017
The board of directors of The Philippine Stock Exchange, Inc. (PSE) approved the initial public offering application of cement maker Eagle Cement Corp. and property developer, Cebu Landmasters, Inc. Eagle Cement will be offering 500 million primary shares at a
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