The corporate regulator has approved Del Monte Philippines, Inc.’s P44-billion initial public offering (IPO) plan in what could be the second-biggest share sale amid a coronavirus pandemic this year. The company will get its registration order and permit to sell after complying with certain conditions, the Securities and Exchange Commission (SEC) said in a statement on Friday. The commission at its July 15 meeting approved Del Monte’s registration statement […]
Tag: shares
PSEi climbs on bargain hunting, positive data
PHILIPPINE shares climbed on Wednesday as investors went bargain hunting following improved remittances data and a surge in auto sales. The benchmark Philippine Stock Exchange index (PSEi) gained 40.28 points or 0.59% to close at 6,835.41 on Wednesday, while the all shares index improved by 11.72 points or 0.27% to 4,227.48. “Market went bargain hunting […]
PSEi up on bargain hunting, tracks Asian shares
PHILIPPINE shares climbed on Monday to track overseas markets as investors went bargain hunting after days of decline. The 30-member Philippine Stock Exchange index (PSEi) gained 78.95 points or 1.15% to close at 6,913.87 on Monday, while the broader all shares index went up by 35.48 points or 0.83% to finish at 4,270.02. “Bargain hunters […]
Haily IPO oversubscribed by 38.81 times
KUALA LUMPUR, Jul 12, 2021 – (ACN Newswire via SEAPRWire.com) – Haily Group Berhad’s (“Haily”) IPO exercise comprises: (from left) Haily Group Berhad Executive Director Ms See Swee Ling, Haily Group Berhad Founder & Executive Director Mr See Tin Hai, and Haily Group Berhad CEO & Executive Director Mr Yoong Woei Yeh at the Balloting […]
Stocks climb despite lower volume ahead of data
PHILIPPINE shares climbed on Monday even as trading volume declined as most investors were waiting for the release of the country’s June inflation data. The Philippine Stock Exchange index (PSEi) went up by 34.12 points or 0.48% to close at 7,036.38 on Monday, while the all shares index rose by 20.64 points or 0.48% to […]
Cirtek receives PSE nod for stock rights offer, warrants
CIRTEK Holdings Philippines Corp. received the approval of The Philippine Stock Exchange, Inc. (PSE) for its stock rights offering with bonus detachable warrants. The company said in regulatory filing on Wednesday that shareholders eligible to participate in the stock rights offering should pass the requisite documents and participate during the offer period scheduled on July […]
Shares inch higher as gov’t maintains restrictions
PHILIPPINE shares inched up on Tuesday following the government’s decision to maintain quarantine restrictions in Metro Manila and nearby provinces. The benchmark Philippine Stock Exchange index (PSEi) improved by 18.69 points or 0.26% to close at 6,956.65, while the broader all shares index gained 17.76 points or 0.41% to end at 4,262.37. “The index traded […]
Kindstar Globalgene Proposed Listing on the Main Board of the Hong Kong Stock Exchange
HONG KONG, Jun 28, 2021 – (ACN Newswire via SEAPRWire.com) – A leading player in China’s independent esoteric clinical testing service provider – Kindstar Globalgene Technology, Inc. (“Kindstar Globalgene” or the “Company”, together with its subsidiaries, the “Group”, stock code: 9960.HK), today announced the proposed listing of its shares on the Main Board of The […]
PHL shares climb on Fed chief’s dovish testimony
SHARES climbed on Wednesday on dovish remarks from the US Federal Reserve chief and as the market remained hopeful the Philippine economy could be reopened further. The 30-member Philippine Stock Exchange index (PSEi) went up by 48 points or 0.69% to close at 6,918.41 on Wednesday, while the all shares index rose by 20.69 points […]
PSEi drops on profit taking, higher virus cases
STOCKS started the week in the red as investors took profits amid the increase in coronavirus disease 2019 (COVID-19) cases and as the shift in the US Federal Reserve’s rate hike expectations continued to affect sentiment. The Philippine Stock Exchange index (PSEi) went down by 24.21 points or 0.35% to close at 6,827.17 on Monday, […]
Stocks drop as market corrects after sharp jump
PHILIPPINE shares went down on Thursday on as investors pocketed their gains from the recent rally and as the market corrected after its sharp increase on Wednesday. The Philippine Stock Exchange index (PSEi) declined by 49.82 points or 0.72% to close at 6,791.87 on Thursday, while the all shares index lost 13.96 points or 0.33% […]
Philippine stocks drop as investors pocket gains
STOCKS fell on Monday as investors pocketed their gains following a four-day rally in the market last week. The Philippine Stock Exchange index (PSEi) declined by 46.02 points or 0.68% to close at 6,628.49 on Monday, while the all shares index went down by 24.65 points or 0.6% to end at 4,022.83. “Philippine shares closed […]
Stocks rally on stimulus hopes, MSCI rebalancing
PHILIPPINE shares rallied for a third straight day on Thursday as the possibility of the government approving another round of stimulus and the MSCI rebalancing boosted market sentiment. The 30-member Philippine Stock Exchange index (PSEi) gained 323.90 points or 5.1% to close at 6,665.14 on Thursday, while the all shares index also went up by […]
SEC okays developer’s bid to hike capital to P10B
PROPERTY developer Cebu Landmasters Inc. (CLI) said the Securities and Exchange Commission (SEC) has approved its move to increase its authorized capital stock to P10.1 billion from the current P2.5 billion to support its expansion plans. In a disclosure Monday, May 24, 2021, the company said it received SEC’s approval on May 21. As approved […]
PSEi inches up on bargain hunting after GDP drop
PHILIPPINE shares went up on Tuesday on last-minute bargain hunting following the market’s decline as data showed the economy contracted worse than expected in the first quarter. The Philippine Stock Exchange index (PSEi) went up by 9.42 points or 0.14% to close at 6,326.83 on Tuesday, while the all shares index increased by 1.25 points […]
PHL shares climb as investors pick up bargains
PHILIPPINE shares climbed on Monday, as investors went bargain hunting after six days of the market closing in the red. The 30-member Philippine Stock Exchange index (PSEi) gained 58.7 points or 0.93% to close at 6,317.41 on Monday, while the broader all shares index improved by 29.28 points or 0.75% to end at 3,906.71. “Bargain […]
Shares decline on latest jobs data, pandemic concerns
Philippine shares closed the week in the red after data showed that the country’s unemployment rate went down in March and as the country’s pandemic situation continue to cloud investor sentiment. The Philippine Stock Exchange index (PSEi) went down by 24.07 points or 0.38% to close at 6,258.71 on Friday, while the all shares index […]
Proceeds from AC Energy’s follow-on offering to fund RE projects
AYALA-LED AC Energy Corp. said on Wednesday that it plans to use the proceeds from its follow-on offering to partly fund its upcoming renewable energy (RE) projects. In a press release, it said that aside from the pipeline RE projects, the net proceeds from the sale of primary shares will go to inorganic growth opportunities, […]
Stocks drop as virus continues to cloud outlook
PHILIPPINE shares declined on Monday as investors remained cautious over the country’s economic outlook as the coronavirus pandemic continues to affect recovery prospects. The Philippine Stock Exchange index (PSEi) declined by 1.59 points or 0.02% to close at 6,369.28 on Monday, while the all shares index inched down by 0.03 point to end at 3.923. […]
Stocks rise as Metro Manila mayors shorten curfew
PHILIPPINE shares closed in the green on Wednesday as Metro Manila mayors agreed to shorten curfew hours to help increase economic activity. The benchmark Philippine Stock Exchange Index (PSEi) gained 112.67 points or 1.77% to close at 6,469.14 on Wednesday, while the all shares index improved by 47.18 points or 1.2% to finish at 3,957.50. […]