PHILIPPINE SHARES climbed on the first trading day of 2023 as investors remained bullish ahead of the release of key economic reports at home and in the United States. The benchmark Philippine Stock Exchange index (PSEi) went up by 19.62 points or 0.29% to close at 6,586.01 on Tuesday, while the broader all shares index […]
Tag: shares
Shares inch up on window dressing, lack of leads
LOCAL SHARES inched up on Tuesday on window dressing ahead of the year’s close and amid lack of fresh leads. The benchmark Philippine Stock Exchange index (PSEi) climbed by 23.87 points or 0.36% to close at 6,564.90 on Monday, while the broader all shares index rose by 8.95 points or 0.26% to 3,441.42. “Local shares […]
PHL shares dip on rate fears, Wall Street decline
LOCAL shares snapped out of their rally on Friday mirroring Wall Street’s decline on Thursday amid fears that central banks’ rate hikes could lead to an economic downturn. The bellwether Philippine Stock Exchange index (PSEi) declined by 35.91 points or 0.54% to close at 6,541.03 on Friday, while the broader all-shares index lost 9.79 points […]
ACEN subscribes to shares in wind energy units
AYALA-LED ACEN Corp. announced on Thursday that it had executed subscription agreements with two of its subsidiaries to fund a wind energy project in Pagudpud, Ilocos Norte. In a disclosure, ACEN said it subscribed to around 7.29 million shares of its wholly-owned subsidiary, Bayog Wind Power Corp. It said the subscription, priced at P100 each […]
PSEi ends higher as Fed minutes fuel dovish bets
PHILIPPINE SHARES extended their gains on Thursday after the release of the minutes of US Federal Reserve’s November meeting, which fueled bets that the central bank will consider slower rate hikes moving ahead. The Philippine Stock Exchange index (PSEi) went up by 20.19 points or 0.31% to close at 6,530.51 on Thursday, while the broader […]
Shares rise on hopes of less aggressive rate hikes
PHILIPPINE STOCKS stayed in positive territory on Wednesday on hopes of smaller rate hikes from the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP). The Philippine Stock Exchange index (PSEi) gained 80.67 points or 1.25% to close at 6,510.32 on Wednesday, while the broader all shares index rose by 25.61 points or 0.75% […]
PHL shares decline as investors pocket profits
PHILIPPINE SHARES declined on Monday after investors booked profits from the market’s recent rally. The Philippine Stock Exchange index (PSEi) went down by 34.14 points or 0.53% to end at 6,403.24, while the broader all shares index lost 10.67 points or 0.31% to 3,385.96. AB Capital Securities, Inc. Vice-President Jovis L. Vistan said the PSEi […]
Philippine shares climb on improved sentiment
PHILIPPINE STOCKS went up on Monday on improved market sentiment following positive data and tracking Wall Street’s rise on Friday. The benchmark Philippine Stock Exchange index (PSEi) gained 67.99 points or 1.08% to close at 6,354.76 on Monday, while the broader all shares index went up by 23.70 points or 0.71% to 3,352.59. “The PSEi […]
Megawide board OK’s capital hike to P5.12 billion
MEGAWIDE Construction Corp. announced on Monday that its board of directors recently approved an increase in the company’s authorized capital stock to P5.12 billion from P5.08 billion currently. The authorized capital stock of preferred shares will increase to 186 million from 150 million, the company told the stock exchange. “The increase in authorized capital stock […]
San Miguel unit starts tender offer for minority shares in Eagle Cement
A UNIT of San Miguel Corp. (SMC) started on Monday the mandatory tender offer to the minority shareholders of Eagle Cement Corp. after it agreed to acquire the stake held by the latter’s main owners. In a disclosure to the Philippine Stock Exchange (PSE), SMC said that San Miguel Equity Investments, Inc. (SMEII) filed with […]
China Wantian Holdings Proposes to Acquire Domestic Fresh Food Supply Chain Service Provider
HONG KONG, Nov 7, 2022 – (ACN Newswire via SEAPRWire.com) – China Wantian Holdings Limited (“China Wantian Holdings”, together with its subsidiaries, the “Group”; stock code: 1854.HK) is pleased to announce that Great Point Limited (“Great Point”), the Group’s direct wholly-owned subsidiary, intends to acquire Champion Point Limited (“Champion Point”)’s subsidiary Shenzhen Wealth Source Trading […]
JE Cleantech Holdings Ltd Announces Receipt of NASDAQ Notification Regarding Minimum Bid Price Deficiency
SINGAPORE, Nov 4, 2022 – (ACN Newswire via SEAPRWire.com) – JE Cleantech Holdings Limited (Nasdaq: JCSE), a manufacturer of a broad range of cleaning systems, announced that on November 3, 2022, it received a written notification from the Listing Qualifications Department of The Nasdaq Stock Market LLC (the “Nasdaq Notification”). The Notification stated that the […]
PHL shares decline as Fed delivers big rate hike
SHARES declined on Thursday after the US Federal Reserve delivered another jumbo rate hike, with the Bangko Sentral ng Pilipinas (BSP) expected to match the move at its own meeting this month. The Philippine Stock Exchange index (PSEi) went down by 50.13 points or 0.8% to end at 6,156.11 on Thursday, while the broader all […]
Shares climb as investors continue to buy bargains
PHILIPPINE STOCKS extended their climb on Wednesday amid continued bargain hunting and as firms’ third-quarter results boosted sentiment, joining the rise of most Asian markets. The bellwether Philippine Stock Exchange index (PSEi) gained 48.12 points or 0.79% to close at 6,121.53 on Wednesday, while the broader all shares index went up by 10.15 points or […]
Shares up on bargain hunting after 3-day drop
SHARES inched higher on Tuesday on bargain hunting, with investors picking up cheap issues following the market’s three-day slide. The benchmark Philippine Stock Exchange index (PSEi) went up by 14.79 points or 0.25% to close at 5,847.37 on Tuesday, while the broader all shares gained 3.34 points or 0.10% to end at 3,152.44. China Bank […]
Eagle Cement shares jump as SMC sets acquisition
SHARES in Eagle Cement Corp. surged nearly 4% on Thursday as its majority shareholders agreed to sell their holdings to a unit of listed conglomerate San Miguel Corp. (SMC), prompting the buyer to set a mandatory tender offer of the cement maker’s shares. In a disclosure, Eagle Cement said it was advised by its majority […]
HG Semiconductor and GCL Technology Founder Mr Zhu Gongshan Officially Enters Shares Subscription and Warrants Subscription Agreements
HONG KONG, Sep 30, 2022 – (ACN Newswire via SEAPRWire.com) – HG Semiconductor Ltd (6908.HK) is pleased to announce that it has officially entered into a subscription agreement with Mr. Zhu Gongshan, the Founder, Chairman and Executive Director of GCL Technology Holdings Ltd (GCL; 3800.HK) regarding the Investment Agreement on 4 August 2022. Pursuant to […]
HG Semiconductor and GCL Technology Founder Mr. Zhu Gongshan Officially Entered into Shares Subscription and Warrants Subscription Agreement, Mr. Zhu Gongshan has Become Major Strategic Shareholder of the Group
HONG KONG, Sep 30, 2022 – (ACN Newswire via SEAPRWire.com) – HG Semiconductor Limited (“HG Semiconductor”, together with its subsidiaries, “the Group”; Stock Code: 6908.HK) is pleased to announce that the Group has officially entered into subscription agreement (“Subscription Agreement”) with Mr. Zhu Gongshan (“Mr. Zhu”), the Founder, Chairman and Executive Director of GCL Technology […]
Local stocks slump nearly 4% on selling pressures
PHILIPPINE SHARES declined further on Tuesday on selling pressures amid Wall Street’s decline and the aggressive stance of the US Federal Reserve that pushed the peso lower. The benchmark Philippine Stock Exchange index (PSEi) lost 239.47 points or 3.82% to close at 6,020.07 on Tuesday, while the broader all shares index dropped by 107.06 points […]
Share buyback plan moves Converge stocks
LISTED fiber internet provider Converge ICT Solutions, Inc. was the seventh most actively traded stock last week after investors opted to pocket gains following its approved buyback program and talk about the company’s removal from a global equity index. Data from the Philippine Stock Exchange (PSE) showed Converge ranked first in value turnover with P855.31 […]