MANILA, Philippines – Local stocks seem to be headed for choppy waters given the unraveling debt mess in Europe but the Aquino administration’s hardline efforts to pump-prime the economy will provide smooth sailing for investors that could take the market to the 5,400 range by yearend, leading online brokerage Citiseconline said. Read the rest of this entry »
Stock market index forecast to reach 5,400 pts by yearend
January 9, 2012
Yearender: Stocks crawl at slowest pace in 10 years
January 1, 2012
MANILA, Philippines – The local stock market rose by a meager 4.07 percent last year, the slowest pace in 10 years, as natural calamities and financial turmoil took a toll on investor sentiment. Read the rest of this entry »
SC, SEC differ on what constitutes ownership
October 12, 2011
A difference in defining company ownership between the Securities and Exchange Commission (SEC) and the Supreme Court (SC) was bared yesterday as the culprit for the current trouble the Philippine Long Distance Telephone Co. (PLDT) is having on its shares structure that is being thought of violating the Constitution. Read the rest of this entry »
Re: Pricing
August 20, 2011
In the cold eyes of financial analysts, what appears as a meltdown in the markets is really a process of “re-pricing” stocks.
What this means is that most investors — hedge funds or individual punters — anticipate a slowdown in global economic activity. That translates into less business and less profit. In turn, that means stocks are priced lower. Read the rest of this entry »
PHL poised to gain from investor focus on emerging markets
August 16, 2011
The local equities market stands to be a “net beneficiary” of global investors’ heightened interest in emerging markets like the Philippines, according to the Philippine Stock Exchange (PSE). Read the rest of this entry »
Bourse reports 18% jump in profit for 1st half
August 16, 2011
Despite the volatile market, the Philippine Stock Exchange (PSE) registered an 18 percent jump in net income for the first six months to P174.8 million, up 18 percent from P148.3 million in the same period last year. Read the rest of this entry »
Philippine stocks ‘expensive,’ says Mobius
July 26, 2011
AFTER scaling new heights in less than a year, Philippine stocks have become expensive, according to an expert on emerging markets. Read the rest of this entry »
Bourse readopts extended trading
July 15, 2011
The Philippine Stock Exchange (PSE) approved the extension of trading hours at the bourse to be implemented in two phases starting October explaining the move was timely as the global economy is improving while it is expected to improve liquidity at the Exchange. Read the rest of this entry »
‘Economic suicide’
July 4, 2011
Economic suicide were the words used by PLDT chairman Manny Pangilinan to describe the impact of the Supreme Court (SC) ruling ordering the Securities and Exchange Commission (SEC) to use only common shares and exclude preferred shares in assessing the capital stock of a company. A financial meltdown will occur in the stock market if foreign investors will not only be disallowed to buy, but also be forced to sell to comply with the 40 percent ownership cap. Read the rest of this entry »
Investors in bourse up to near .5M in ’10
June 1, 2011
Investor accounts in the local bourse neared the half a million mark as it grew 4.8 percent to 498,838 last year from 476,194 accounts a year ago, according to a study conducted by the Philippine Stock Exchange (PSE). Read the rest of this entry »
