Topic: stock-exchange

PSEi ends flat ahead of Trump's trade speech

PSEi ends flat ahead of Trump's trade speech

ABS-CBN News
Posted at Nov 12 06:45 PM

Philippine shares end the day flat as investors await U.S. President Trump's upcoming Economic Club speech. The main index pared losses at the end of trading day and closed just above 8,000. An analyst believes external headwinds will continue to influence market sentiment. Read more »

Alibaba sets eyes on $15-billion Hong Kong listing: report

Alibaba sets eyes on $15-billion Hong Kong listing: report

Agence France-Presse
Posted at Nov 08 05:39 PM

Alibaba is looking to scoop up between $10 billion and $15 billion in the initial public offering, Bloomberg News cited unnamed sources as saying, and is looking to hold a hearing into the move -- as mandated by the Hong Kong exchange rules -- next week. Read more »

SEC demands truth in probe on P700-million stock theft

SEC demands truth in probe on P700-million stock theft

ABS-CBN News
Updated as of Nov 08 04:12 PM

The investigation being conducted by the Capital Markets Integrity Corporation (CMIC) should provide clarity on how the transactions that nearly “wiped out” the position of R&L Investments “slipped past multiple control measures,” the SEC said in a statement.  Read more »

PSEi rallies amid better-than-expected Q3 GDP

PSEi rallies amid better-than-expected Q3 GDP

ABS-CBN News
Posted at Nov 07 08:15 PM

Philippine shares rally at the close following the country's better-than-expected Q3 GDP print. The main index closed above 8,000. Despite the acceleration, an analyst believes the country's full-year growth will settle below government's 6%-7% target. Read more »

PSEi slips after Fed rate cut

PSEi slips after Fed rate cut

ABS-CBN News
Posted at Oct 31 06:04 PM

Philippine shares retreat alongside most Asian peers despite the U.S. Federal Reserve's decision to cut rates. The main index fell back below 8,000 for the day but snapped its two-month losing streak. An analyst sees a rebound in the market next week. Read more »

Alibaba to resume Hong Kong listing plans as soon as November: sources

Alibaba to resume Hong Kong listing plans as soon as November: sources

Julie Zhu and Joshua Franklin, Reuters
Posted at Oct 31 11:52 AM

Alibaba's listing would boost Hong Kong's status as a major capital markets hub. After topping global rankings in 2018 for funds raised through IPOs, the city's bourse fell behind the New York Stock Exchange and Nasdaq this year amid months of anti-government protests that have roiled the Asian financial hub.   Read more »

PSEi rallies ahead of Fed interest rate decision

PSEi rallies ahead of Fed interest rate decision

ABS-CBN News
Posted at Oct 30 05:57 PM

Philippine shares extended gains for a fourth straight session and outperformed the rest of Asia. The main index pierced through the 8,000 resistance level, even as some investors took to the sidelines ahead of the U.S. Federal Reserve's latest policy decision. An analyst chalks up the rally to window dressing but believes it is barely sustainable. Read more »

PSEi advances amid optimism on U.S.-China trade deal

PSEi advances amid optimism on U.S.-China trade deal

ABS-CBN News
Posted at Oct 29 05:28 PM

Philippine shares extend gains for a third straight session as investors monitor developments on the U.S.-China trade front. The main index still settled above 7,900. An analyst expects local investors to reenter the picture once the market pierces through the 8,000 resistance level. Read more »

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