Property developer SM Prime Holdings Inc. (SMPH) plans to issue P25 billion worth of fixed retail bonds next month based on the company’s regulatory filing. Food and beverage company RFM Corp. said Wednesday its board approved the declaration of P200-million cash dividend to shareholders amid strong financial performance in the first half of 2023. The Philippine Stock Exchange index (PSEi) extended its losing streak Wednesday, dropping below the 6,500 level, as US markets fell overnight.
The PSEi, which comprises 30 of the country’s largest listed companies, declined by 128.83 points or 1.95% to close at 6,468.77. Nickel Asia Corp (NAC), a mining firm owned by businessman Manuel Zamora, is in talks with Japan’s Sumitomo Metal Mining Co. (SMM) for the potential sale of a stake in its nickel smelting business. The Securities and Exchange Commission (SEC) said Tuesday it will review the Philippine Stock Exchange’s (PSE) planned acquisition of a controlling stake in Philippine Dealing System Holdings Corp. (PDSHC). Philippine stocks succumbed to profit-taking Tuesday after the December inflation quickened and US stocks ended mixed. The bellwether Philippine Stock Exchange index lost 79.79 points, or 1.22%, to close at 6,548.58. Philippine stocks rose for a third consecutive trading day ahead of key inflation report. The 30-company Philippine Stock Exchange index climbed 21.36 points, or 0.32%, to close at 6,548.58.Premium Lands Corp. (PLC) said it plans to transform the dormant listed firm Asiabest Group International Inc. (ABG) into a holding company engaged in property development and other businesses
الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Philippine Stocks Seen Trading Sideways Ahead of December Inflation DataPhilippine stocks are anticipated to trade laterally this week, awaiting the release of December inflation figures, a crucial indicator for the Bangko Sentral ng Pilipinas' (BSP) upcoming policy decisions. Analysts predict the BSP will utilize the December inflation data to guide its next policy action. The market will also be monitoring the November 2024 labor force survey for signs of economic strength and the continued appreciation of the peso against the dollar, which could positively impact market sentiment.
اقرأ أكثر »
Philippine Stocks Rise Ahead of Inflation ReportThe Philippine Stock Exchange index rose for the third consecutive day, boosted by anticipation of the December inflation report. The market also reacted positively to the recovery of US stocks after a five-day decline.
اقرأ أكثر »
Philippine Stocks Rise for Third Day Ahead of Key Inflation ReportPhilippine stocks continue their upward trend, fueled by anticipation of the upcoming inflation report. The 30-company Philippine Stock Exchange index sees a notable increase, while various companies announce key developments in acquisitions, leadership changes, and future plans.
اقرأ أكثر »
Philippine Stocks Fall on Inflation Concerns and Profit-TakingThe Philippine Stock Exchange index declined 1.2 percent, while the all-shares index fell 1.14 percent, as investors reacted to rising inflation and mixed performance in US markets. December inflation accelerated to 2.9 percent, driven by holiday spending and increased transportation and utility costs. Foreign investors were net sellers and five sectoral indices ended in the red. Meanwhile, Asian markets generally rose, buoyed by a tech-driven rally on Wall Street and hopes for a more targeted approach to tariffs from President Trump.
اقرأ أكثر »