STOCKS climbed on Thursday ahead of the release of the December US consumer price index (CPI) report overnight, which investors expect to be a key consideration at the US Federal Reserve’s policy meeting later this month, and following comments from the Bangko Sentral ng Pilipinas (BSP) chief. The bellwether Philippine Stock Exchange index (PSEi) rose […]
Tag: index
Local stocks track Wall St. rally on Fed hike bets
SHARES went up on Monday, mirroring Wall Street’s climb, as investors were hopeful that improved US economic data could lead to slower tightening by the US Federal Reserve. The 30-member Philippine Stock Exchange index (PSEi) rose by 122.27 points or 1.83% to close at 6,790.24 on Monday, while the broader all shares index added 55.90 […]
Peso rebounds on Dec. inflation data, Fed minutes
THE PESO rebounded against the dollar on Thursday on slower-than-expected December inflation and following the release of the minutes of the US central bank’s meeting last month. The local currency closed at P55.75 versus the greenback, up by 16 centavos from Wednesday’s finish of P55.91, data from the Bankers Association of the Philippines showed. The […]
PSEi up as factory activity hits 6-month high
PHILIPPINE SHARES continued to rise on Wednesday as local manufacturing activity improved in December, indicating a robust economy. The bellwether Philippine Stock Exchange index (PSEi) surged by 132.49 points or 2.01% to close at 6,718.50 on Wednesday, while the broader all shares index rose by 60.37 points or 1.73% to 3,537.07. “Stocks moved higher as […]
Senator calls for improved education system to groom cybersecurity specialists
INCREASING the number of students taking the Science, Technology, Engineering and Mathematics (STEM) strand in senior high school will help produce more experts who can address the cybersecurity threats and crimes in the Philippines, a legislator said on Thursday. Senator Sherwin T. Gatchalian, chair of the Basic Education committee, said measures and programs that will […]
PHL rated 17th in global manufacturing risk index
THE PHILIPPINES placed 17th out of 45 countries in Cushman and Wakefield’s manufacturing risk index (MRI), indicating further room for improvement in making manufacturing more attractive to investors. The ranking was the outcome of the firm’s “baseline” scenario. The Philippines did much better in a scenario weighted towards cost (ninth) and much worse when risk […]
PSEi extends rally as US consumer confidence rises
PHILIPPINE stocks extended their rally on Thursday after US consumer confidence rose to an eight-month high in December just before the holidays. The bellwether Philippine Stock Exchange index (PSEi) climbed by 56.14 points or 0.86% to close at 6,576.94 on Thursday, while the broader all-shares index rose by 22.43 points or 0.65% to 3,442.26. “Seasonal […]
PSE index inches up as investors wait for leads
THE MAIN INDEX closed nearly flat on Monday after oil prices dropped on Friday and as investors look for catalysts ahead of central bank meetings this week. The 30-member Philippine Stock Exchange index (PSEi) inched up by 5.08 points or 0.07% to close at 6,585.20 on Monday, while the broader all shares index lost 0.41 […]
Peso drops as PPI data fuel Fed hike fears anew
THE PESO weakened against the dollar on Monday as investors anticipate more rate hikes from the US Federal Reserve due to mixed producer inflation data released last week and as the Bangko Sentral ng Pilipinas (BSP) sees a wider balance of payments (BoP) deficit this year. The local currency ended at P55.65 against the greenback […]
Local shares seen to slip ahead of US inflation
LOCAL equities are expected to decline in December as investors are seen to pocket their gains from the market’s recent rally as investors await the release of US inflation data. The Philippine Stock Exchange index (PSEi) closed at 6,780.78 on Nov. 29, the last trading day of November, up by 10.2% from its finish of […]
Last-minute bargain-hunting lifts PHL shares
PHILIPPINE STOCKS extended their climb on Tuesday on last-minute bargain-hunting and ahead of the rebalancing of the MSCI. The bellwether Philippine Stock Exchange index (PSEi) gained 99.31 points or 1.48% to end at 6,780.78 on Tuesday, while the broader all shares index rose by 32.81 points or 0.94% to 3,513.98. Philstocks Financial, Inc. Research Analyst […]
Nissin Foods Announces 2022 Q3 Results
HONG KONG, Nov 10, 2022 – (ACN Newswire via SEAPRWire.com) – Nissin Foods Company Limited (“Nissin Foods” or the “Company”, and together with its subsidiaries, the “Group”; Stock code: 1475) today announced its financial results for the nine months ended 30 September 2022 (“the Reporting Period”). Revenue of the Group increased solidly by 7.8% year-on-year […]
Philippines 7th worst for journalist murders — CPJ
THE PHILIPPINES remained the seventh worst country in the world where journalist killers get away with murder, according to a report from the Committee to Protect Journalists (CPJ). The country, where 85 Filipino journalists were killed between 1992 and 2022, had 14 unsolved murders involving reporters, the New York-based watchdog said in a report. “The […]
Philippines places 2nd in the global crypto adoption index
The Philippines ranked 2nd out of 146 countries in the latest edition of the 2022 Global Crypto Adoption Index produced by American-based blockchain analysis firm Chainalysis. The index measures where the most people are putting the biggest share of their money into cryptocurrency. In the region, the Philippines was ahead of Thailand (8th), China (10th), […]
Philippines drops in global attractiveness index
The Philippines dropped nine places to 83rd out of 148 countries in the latest edition of Global Attractiveness Index (GAI), produced by Italy-based consulting firm, The European House – Ambrosetti. The index measures the attractiveness of countries using the five subindices: positioning(or attractiveness), dynamism, sustainability, growth expectations, and conflict exposure. With the overall score ranging […]
Philippine stocks recover as foreign markets climb
THE LOCAL INDEX snapped out of its four-day decline on Thursday following Wall Street’s positive movement overnight as the Bank of England’s intervention in the UK bond market doused investors’ fears. The bellwether Philippine Stock Exchange index (PSEi) climbed by 54.57 points or 0.92% to close at 5,934.25 on Thursday, while the broader all shares […]
HKTDC Export Index 3Q22: Exporter confidence continues to improve
HONG KONG, Sep 19, 2022 – (ACN Newswire via SEAPRWire.com) – The sentiment among Hong Kong exporters continues to improve. The HKTDC Export Index increased a further 1.9 points to 32.8 in the third quarter of 2022, indicating a sustained improvement in confidence in the short-term export performance. However, exporters are facing downward pressure on […]
PSE index slips ahead of Fed, BSP policy meetings
THE benchmark index slipped to the 6,500 level on Thursday on profit taking and cautious trading ahead of central bank meetings next week and the rebalancing of Financial Times Stock Exchange (FTSE) on Friday. The Philippine Stock Exchange index (PSEi) inched down by 7.19 points or 0.1% to close at 6,575.67 on Thursday, while the […]
Main index up on bargain hunting after 3-day slide
THE MAIN INDEX inched up on Thursday to end its three-day slide on bargain hunting and ahead of the release of local and US economic data. The benchmark Philippine Stock Exchange index (PSEi) climbed by 4.63 points or 0.07% to close at 6,588.28 on Thursday. Meanwhile, the broader all shares index went down by 2.68 […]
China Risun’s 2022 Interim Revenue Ups 21.1% to RMB22.53 Billion, Profit Attributable to Owners was RMB1.74 Billion
HONG KONG, Aug 29, 2022 – (ACN Newswire via SEAPRWire.com) – China Risun Group Limited (“China Risun”, or the “Group”, stock code: 1907), a leading global integrated coke, coking chemicals and refined chemicals producer and supplier and relevant operation management services provider in China, has announced its interim results for the six months ended 30 […]