The 25 basis points rate cut by the Bangko Sentral ng Pilipinas last week pushed the Philippine Stock Exchange Index (PSEi) up week-on-week by 5.68%. The bourse closed last week at 3,775.91, with total year-to-date returns of 26.6%. Week-to-week and Year-to-Date (YTD, i.e., beginning of
iRemit (I-Remit) Inc., the largest Filipino-owned non-bank remittance company in the Philippines, has set the price for its initial public offering (IPO) at P4.68 per share.
Window dressing for the 3rd quarter of 2007 and expectations of a rate cut by the Bangko Sentral ng Pilipinas this week pushed the Philippine Stock Exchange (PSE) up week-on-week by 4.36%. The bourse closed last week at 3,572.90, with total year-to-date returns reaching almost
What are STOCKS? What are SECURITIES? Stocks are shares of ownership in a corporation. When you become a stockholder or shareholder of a company, you become part-owner of that company. Securities, on the other hand, are proof of one’s ownership or indebtedness in a company.
The Philippine Stock Exchange (PSE) applauded the decision of the US Federal Reserve to cut its benchmark interest rate by half a percentage point, soaring to 3,423.73 at the end of the trading week, up by almost 4% week-on-week. Analysts, however, cautioned investors over some
The Philippine Stock Exchange (PSE) is set to award on October 3 the top players of its recently concluded Open 2007 Stock Trading Tournament. The stock trading simulation game started in March 2007 and attracted more than 500 students from over 40 colleges and universities
The Philippine stock market welcomed the decision of the US Federal Reserve to cut its benchmark interest rate by 50 basis points, ending the trading day higher by 2.23% or 73.23 points to close at 3,362.98. Total shares traded yesterday were 3.3 billion valued at
Despite a surge right after the Erap guilty verdict was handed out, the Philippine Stock Exchange (PSE) closed slightly lower last week, with most investors remaining on the sidelines waiting for the results of the US Federal Reserve policy meeting on September 18. The main