The PSEi, or the Philippine Stock Exchange index, is a collection of thirty (30) stocks traded in the Philippine Stock Exchange (PSE) whose overall performance is generally … Read More
Which stocks currently comprise the Philippine Stock Exchange index or PSEi? What’s the PSEi, in the first place and why is it important? About the … Read More
Wondering why the stock price of Manila Electric Co. or Meralco (MER) has been increasing in the past days? In just one week, MER’s stock price has risen by 10.6%, closing at PHP282.00 in yesterday’s trading.
One reason could be the announcement that the power utility will soon be joining the benchmark Philippine Stock Exchange index (PSEi) starting next month.
Two new companies are now part of the 30-company benchmark Philippine Stock Exchange index (PSEi), replacing two others that failed to meet the inclusion criteria.
The Philippine Stock Exchange (PSE) announced last week that LT Group Inc. (LTG) and GT Capital Holdings (GTCAP) will from part of the PSEi effective September 16 this year.
Gaming operator Bloomberry Resorts Corp. (Stock Code: BLOOM) will replace property firm SM Development Corp. (SMDC) in the Philippine Stock Exchange index (PSEi) starting March 11.
Bloomberry is currently one of the local bourse’s most actively-traded stocks following its announcement that it will open Solaire, a casino and resort entertainment complex, in the 120-hectare Pagcor Entertainment City in Pasay City this month.
Those holding Cebu Pacific (CEB) stocks are probably wondering what’s causing the stock to plummet during the past trading days. In just one week, the stock price of budget airline Cebu Pacific has declined by 9.3%, closing at P61.40 in last Friday’s (August 24) trading.
It’s actually been a losing battle for CEB stockholders since the company’s hyped initial public offering (IPO) in 2010. On its first trading day on the Philippine Stock Exchange (PSE) in October 2010, Cebu Pacific rose to P133.00 from its IPO price of P125.00. Unfortunately, the stock has not recovered from that all-time high price. It even ended the year 2011 at half the price, closing at P64.80 on the last trading day.
