Bullish outlook: PSEi seen to hit 7,200 by year-end

Meg J. Adonis 02/23/2024

MANILA, Philippines —The Philippine Stock Exchange Index (PSEi) will rise significantly this year due to anticipated interest rate cuts, leading to better company profits, the chief investment officer of Sun Life Investment Management and Trust Corp. said.…

PSEi surges with strong foreign buying ahead of Lunar New Year break

Miguel Camus 02/09/2024

MANILA, Philippines —The Philippine Stock Exchange Index (PSEi) rose on Thursday due to strong foreign buying ahead of the long weekend. By the end of trading, the PSEi went up by 0.29 percent (20.12 points) to reach…

GCash IPO delayed as parent firm assesses market conditions

Tyrone Jasper C. Piad 02/08/2024

MANILA, Philippines  —Investors are waiting for GCash to join the local exchange. However, its parent company said that they are still reviewing the market before deciding to launch an initial public offering (IPO). The company had initially planned…

Peso weakens further

Philippine Daily Inquirer 06/23/2022

The Philippine peso fell to its weakest closing level in almost to 17 years for the second day in a row on Wednesday, ending at P54.47 against the US dollar as the fallout from the war in…

A world of pain

Malou Guanzon Apalisok 03/15/2020

  That’s how businessmen called the fate of stock market traders as stock exchanges tumbled around the world reeling from the effects of coronavirus and the disease called Covid-19.  The stock traders’ description or prediction of the…

PSEi down 14.4% in dreadful week for stocks

Doris Dumalao-Abadilla 03/14/2020

The local stock barometer ended the worst week seen in recent history with a modest rebound after a roller-coaster ride on Friday that triggered a circuit-breaker for the second straight session. The Philippine Stock Exchange index (PSEi)…

The gift of investment this Yuletide season

PR 12/30/2017

THIS year, UTrade gives you another option to reward yourself from working hard – a gift that will be cherished and felt not only during the Christmas season or right after the holidays are over but even…

4 SSS execs relieved amid profiteering allegation

Inquirer.net 11/01/2017

The leadership of the Social Security System (SSS) on Wednesday reassigned four key officials involved in managing the pension fund’s P500-billion portfolio amid allegations that they had improperly benefited from their positions by trading personal stock market…

SEC clears Cebu Landmasters P3.8B IPO

PR 05/15/2017

CEBU Landmasters Inc. (CLI), Metro Cebu’s number 1 local housing developer, has obtained the Securities and Exchange Commission’s clearance for its P3.8 billion initial public offering to support its expansion plans. CLI has filed its application with…

UTrade offers stock market investment for young professionals

Caryll Arcayan 04/03/2017

UTRADE, an online stock brokerage of Unicapital Securities, Inc. (USI) is offering free training for young professionals in Cebu who want to invest in the stock market. UTrade was launched in 2014, it equips young individuals with…

Trump jitters cause PSEi slide; PH bourse ’16 gains wiped out

11/14/2016

The local stock barometer has wiped out all gains earlier seen in the year, sliding to the 6,800 level as US policy risk arising from Donald Trump’s election as the new president escalated aversion to most emerging…

Cebu-based developer eyes PSE listing, IPO

Victor Anthony V. Silva 10/18/2016

A Cebu-based property developer is planning to open the company to the stock market and eventually issue an Initial Public Offering (IPO) for the company. Joe Soberano, chairman and chief executive officer of Cebu Landmasters, Inc. (CLI),…

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