News Articles on {?keyword?} | ABS-CBN News

PH shares skip global rally following Biden's inauguration

ABS-CBN News
Posted at Jan 21 11:46 PM

Philippine shares skip a global rally buoyed by the inauguration of US President Joe Biden. Read more »

Analyst says upcoming release of PH trade date may deflate investor sentiment

ABS-CBN News
Posted at Jan 21 12:01 AM

The Philippine Stock Exchange Index underperformed its Asian peers as it slips for the fourth straight session.   Read more »

PH shares sluggish amid foreign selling

ABS-CBN News
Posted at Jan 20 12:00 AM

Philippine shares posted a flat finish as foreign selling continues. Read more »

PH shares break 2-day losing streak

ABS-CBN News
Posted at Jan 14 10:26 PM

Philippine shares snapped a two-day losing streak as foreign funds once again enter the local bourse.  Read more »

More Pinoys seen investing in stocks amid pandemic, 3 IPOs eyed this year

ABS-CBN News
Updated as of Jan 14 11:59 AM

The PSE said that despite the exit of many foreign investors from Philippine equities due to the pandemic, the market has been able to sustain volumes thanks to local investors. Read more »

Philippine shares slide to 7,242

ABS-CBN News
Posted at Jan 13 10:29 PM

Philippine shares extended their losses for a second straight day. Read more »

PH shares snap streak, sink back to 7,258

ABS-CBN News
Posted at Jan 13 01:25 AM

The local market rally lost its steam as the Philippine Stock Exchange Index snapped its three-day winning streak on Tuesday. Read more »

Philippine Stock Exchange targets more IPOs, REITs this year on recovery hope

Reuters
Updated as of Jan 04 11:17 AM

Seven Philippine firms plan to go public or offer real estate investment trusts this year, the stock exchange said on Monday. Read more »

Lopez Holdings to delist from PSE

ABS-CBN News
Updated as of Dec 01 10:23 AM

Lopez Holdings on Tuesday said its board has authorized the voluntary delisting of the company from the Philippine Stock Exchange as part of efforts to consolidate ownership and streamline the Group's corporate structure. Read more »

Philippine central bank sends stocks soaring with surprise rate cut

Nikhil Nainan, Reuters
Updated as of Nov 20 05:09 PM

Philippine shares led emerging Asian markets on Friday, surging 2.5 percent after the country's central bank delivered a surprise cut in interest rates to shore up a domestic economy struggling after months of on-off coronavirus restrictions. Read more »

PSE to resume trading Friday

ABS-CBN News
Posted at Nov 13 02:34 AM

MANILA - The Philippine Stock Exchange Inc. (PSE) will resume its trading and settlement activities Friday, November 13, more than a day after Typhoon Ulysses slammed into the country. Read more »

PSE to suspend trading Thursday if typhoon signal no. 3 stays raised in Metro Manila

ABS-CBN News
Posted at Nov 11 11:15 PM

MANILA - The Philippine Stock Exchange Inc. (PSE) will suspend its trading and settlement activities Thursday, November 12, if Tropical Cyclone Wind Signal no. 3 will remain hoisted in Metro Manila amid Typhoon Ulysses. Read more »

Squidpay buys into Premiere Horizon Alliance for backdoor listing move

Nika Lazo, ABS-CBN News
Posted at Nov 11 08:16 PM

Squidpay, a contactless payment solutions provider, is acquiring 55 percent stake in Premiere Horizon Alliance Corp (PHA) -- to be used as vehicle for its prospective backdoor listing at the Philippine Stock Exchange (PSE). Read more »

Philippine stocks see best week since June as virus slows, foreign buying up

Reuters
Posted at Oct 23 03:38 PM

Philippine stocks surged 2.2 percent on Friday closing at 6,484.06 to end the week with their biggest gain since June, bolstered by the easing of restrictions as new coronavirus cases showed signs of slowing.   Read more »

Philippine stocks rise as virus cases slow

Shriya Ramakrishnan, Reuters
Posted at Oct 21 02:12 PM

Philippine shares hit their highest level in over three months on Wednesday after a drop in new COVID-19 infections. Read more »

Converge ICT prices IPO at P16.80 per share, near bottom of guidance

Reuters
Updated as of Oct 09 10:58 AM

Converge ICT Solutions Inc on Friday priced its initial public offering (IPO) at P16.80 per share, near the bottom of an indicated range, in the country's second largest ever listing. Read more »

Converge ICT targets Philippines biggest IPO by tapping web boom

Anshuman Daga and Neil Jerome Morales, Reuters
Updated as of Oct 05 11:53 AM

Philippines' Converge ICT Solutions Inc is targeting the country's biggest initial public offering (IPO) after setting price terms to raise as much as $680 million, sources said, amid a boom in demand for fibre broadband during the pandemic.   Read more »

Converge ICT's initial public offering gets PSE approval

ABS-CBN News
Posted at Oct 01 03:55 PM

Converge is looking to raise P36.13 billion from the sale of up to 480.84 million primary shares and 1.02 billion secondary shares at a price of up to P24 per share, the PSE said.    Read more »

Change looms in PSE Board in November: sources

ABS-CBN News
Updated as of Oct 01 06:26 PM

Two ABS-CBN sources said on Wednesday that there will be a change in the leadership of the Board of the Philippine Stock Exchange in November.  Read more »

VERA Files Fact Check: Gabby Lopez still HAS shares in ABS-CBN Corp.

VERA Files
Posted at Jul 20 07:01 PM

A July 15 article by website Showbiz News Today inaccurately claimed ABS-CBN chairman emeritus Eugenio “Gabby” Lopez III has long pulled out all of his “multi-million” shares in “ABS-CBN Corporation”—supposedly in anticipation of Congress’ denial of the network’s bid for a fresh 25-year franchise. This is wrong and misleading. Read more »