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The local stock market regained the 7,400 level on Thursday, boosted by positive expectations for the country’s economic growth. By the end of the day, the Philippine Stock Exchange Index (PSEi) rose 1.31%, or 96.12 points, to…
The Philippine Stock Exchange Index (PSEi) closed nearly unchanged on Wednesday at 6,882.12, down 0.01% (0.80 points), following a sharp drop in US markets as investors worried about a potential global economic slowdown. The broader All Shares…
Rising inflation in July has led Maybank Securities Inc. to push back its 12-month forecast of 8,200 for the Philippine Stock Exchange Index (PSEi) by a few months. Traders are now focusing on the Bangko Sentral ng…
The anticipated initial public offering (IPO) of GCash looks promising as its valuation doubled to $5 billion with new funds from Ayala Corp. and Japan’s largest bank MUFG Bank Ltd. Globe Telecom, parent firm of GCash operator…
MANILA — Philippine stocks stayed around the 6,800 level on Thursday due to investors grappling with more economic uncertainties, particularly the government’s rising debt. The Philippine Stock Exchange index or PSEi dropped by 0.54 percent, or 36.76…
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.…
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…
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…
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…
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…
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)…
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…
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