The first initial public offering (IPO) the year yielded a one-day gain of 15.40% for those who bought the Philippine Business Bank (PBB) stock during its offer period.
Yesterday, February 19, marked the first day of listing and trading on the Philippine Stock Exchange of Philippine Business Bank, a thrift bank owned by the family of former Ambassador Alfredo M. Yao, also the owners of budget airline Zest Air and fruit juice drink Zest-O.
Want to learn more about stock trading and investing? Need guidance on initial public offering (IPO) concerns, technical and fundamental analysis, or stock price entry … Read More
Buoyed by the country’s unexpected 7.1% GDP growth, Philippine stocks ended yesterday at another all-time high, closing at 5,633.72, up 0.85% from the previous day’s trading.
A new intra-day high of 5,636.33 was also recorded yesterday.
How much did you earn from Alcorn Gold Resources (APM)?
In the past two weeks, this has been the common conversation topic among jockeys, tsupiteros, and speculative stock traders. True enough, if you were able to join the speculation bandwagon, your APM stock would have already given you huge profits.
During last Friday’s trading, APM closed at P0.075 — a 317% price increase in the past two weeks alone.
It’s finally happening. After more than 2 years of planning to extend trading hours, the Philippine Stock Exchange (PSE) will implement starting next week an additional one (1) hour before fully extending trading hours to 3:30 p.m. by January 2012.
The PSE announced that effective Monday, October 3, stock trading in the local bourse will last until 1 p.m. Currently the Philippines is one of the countries in the world with the shortest trading hours — that is, only 2 and 1/2 hours, running from 9:30 a.m. until 12:10 p.m.
The move to have longer time for trading is meant to prepare the local stock market with the planned cross-border trading with other Southeast Asian countries such as Singapore, Thailand, and Malaysia.
Is the “Ghost Month” to blame for the recent rollercoaster ride in stock markets around the world?
During the first two weeks of August, stock markets worldwide had a freefall, went back up again, slid again, then back up once more. The Dow Jones Industrial Average (DJIA), for example:
And it’s probably just starting.
Philippine stocks took a heavy beating yesterday, with the index dropping for the 3rd straight day to close at 4,157.03.
On Tuesday, August 10, the 30-company benchmark index Philippine Stock Exchange index (PSEi) tumbled 4.02% from Monday’s trading, the biggest drop since March 16, 2009 when the index nosedived 4.66% to 1,769.67.
Stocks are already down 9.5% from the peak registered on August 1 this year, and the bourse’s performance is crawling back to negative territory year-to-date with the PSEi dropping 1% from the start of 2011.
Back in 2007, we wrote about the revised criteria of the Philippine Stock Exchange (PSE) with regard to companies that will be included in the Philippine Stock Exchange Index (PSEi) or Philippine Composite Index.
The PSEi, formerly known as the Phisix, is composed of 30 publicly-listed Philippine stocks selected to represent general movement of market prices and is generally regarded as one of the indicators of the general state of the Philippine economy.
