Stocks

by Lawrence Agcaoili (The Philippine Star), 27 Nov 2020 MANILA, Philippines — The net outflow of speculative funds or hot money more than tripled to $3.94 billion from January to October compared to last year’s $1.22 billion despite the strong inflows in October, according to the Bangko Sentral ng Pilipinas (BSP).

by Doris Dumlao-Abadilla, Philippine Daily Inquirer, 27 Jul 2020 Investors may have to wait until next year to see a recovery in the main stock index to 7,000 as economic fallout from the coronavirus (COVID19) pandemic casts doubt on the sustainability of the market’s recent rebound.

by Ian Nicolas Cigaral, (Philstar.com), Apr 17, 2019 MANILA, Philippines — More short-term portfolio investments exited than entered the Philippines in March, the Bangko Sentral ng Pilipinas reported Wednesday.

BY BEN KRITZ, TMT, Manila Times, Apr 22, 2018 THE country’s benchmark Philippine Stock Exchange index (PSEi) has attracted more than its usual share of media attention of late for all the wrong reasons. Except for Venezuela, which is experiencing a self-inflicted economic disaster of almost ludicrous proportions, no other stock market index in the…

by Doris Dumlao-Abadilla, Inquirer, Jan 1, 2017 A 20-percent increase in stock transaction tax (STT) takes effect at the Philippine Stock Exchange today in line with the recently-enacted Tax Reform for Acceleration and Inclusion law.

http://www.thestar.com.my/business/business-news/2016/12/20/most-asean-markets-fall-after-yellen-comments-philippines-over-10-month-low/ Dec 20, 2016 SINGAPORE: Most Southeast Asian stock markets fell on Tuesday after U.S. Federal Reserve Chair Janet Yellen gave an upbeat view of the jobs market, strengthening the rate hike outlook for next year.

By Mary Grace Padin (The Philippine Star), October 22, 2016 BEIJING – The Philippines secured $11.24 billion worth of investments from Chinese companies involving 17 different projects as a testament to the warming economic relations between Manila and Beijing.

Keep an eye on depressed lenders, shadow banks, and China. by Peter Coy, Bloomberg Businessweek, October 20, 2016 Next year ends in a 7. If you’re superstitious or a little loose with statistics, that makes us due for another financial crisis. The biggest one-day stock drop in Wall Street history happened in 1987. The Asian…

MANILA, Philippines – Philippine stocks faltered yesterday as earlier fears about a sooner-than-expected US interest rate hike resurfaced.

A 21-PERCENT slump in Philippine stocks that’s turned them from the world’s best performers into the biggest losers isn’t enough to lure back Macquarie Investment Management Ltd. and Bank Julius Baer & Co.

Since May 22, when talks about “Fed tapering” arose, interest rates across the globe started to shoot up. Capital which freely flowed to emerging markets because of the Great Global Monetary Easing (see The Great Global Monetary Easing, Oct. 22, 2012) began to reverse course, causing a vicious correction in emerging market stocks, bonds and…

MANILA, Philippines – The central bank is monitoring where funds from special deposit accounts (SDA) are being diverted after a “massive” outflow as a result of lower returns and stricter placement rules, an official said.

MANILA, Philippines – Combined earnings of all locally-listed firms climbed in the first quarter on strong performance of the retail, banking and infrastructure sectors.

MANILA, Philippines – The country’s top economic manager said he remains unperturbed by the weakening of the peso and the local bourse, saying these barometers are going into a ‘dip’ cycle.

MANILA – (UPDATED 5:18 p.m.) For only the second time in his eight years at the helm of the Bangko Sentral ng Pilipinas, Governor Amando M. Tetangco Jr. came out to calm the financial markets on Thursday, as the peso slumped and the Philippine Stock Exchange posted its single largest decline since the global financial…

All ageing bull markets eventually will “climb a wall of worry.” As stock prices keep rising, investors start to be anxious about whether the market has risen too high, too fast, and they start itching to hit the panic button. Who could blame them? Since hitting a market bottom in September 2011, the market had…

THE BENCHMARK Philippine Stock Exchange index (PSEi) could top the 7,000 mark this year due to optimism over the country’s good economic fundamentals and market liquidity, officials of two brokerages said separately.

There are various explanations for the current stock market boom in the country. Certainly, the fundamental reasons are on account of better macroeconomic conditions. The country’s fiscal, monetary and balance of payments positions have improved and these developments have been sustained over a prolonged period.

Breaking the 6,000 mark for the first time in the 86-year history of stock trading in the country, Philippine shares on Monday closed at a fresh record high on expectations of the continued robust growth of the economy.

Breaking the 6,000 mark for the first time in the 86-year history of stock trading in the country, Philippine shares on Monday closed at a fresh record high on expectations of the continued robust growth of the economy. Traders noted that foreign investors were heavy buyers during the morning and afternoon sessions.

PHILIPPINE stocks continue to draw strong foreign participation but even with the local bourse tracking a surge in foreign buying, numbers revealed that local investors remain the dominant force, Philippine Stock Exchange (PSE) President Hans Sicat said on Thursday.

Twenty five companies are still unable to meet the minimum public ownership requirement of the Philippine Stock Exchange.

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.

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.

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.

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…

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).

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.

AFTER scaling new heights in less than a year, Philippine stocks have become expensive, according to an expert on emerging markets.

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.