More small investors turn to stocks to make money

  • 📰 inquirerdotnet
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 86%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Retail investors have become a force to contend with in the local stock market, making up for the slack in foreign investor interest during the prolonged COVID-19 pandemic. | Philbizwatcher

Meanwhile, foreign investors continued to exit the local market as net foreign selling for the first quarter reached P47.91 billion, up by 55.1 percent from a year ago.

Capital raised at the PSE for both primary and secondary offer shares in the first quarter rose to P41.63 billion from P19.24 billion in the same period last year. Capital-raising activities for the first three months of the year included one initial public offering , one follow-on offering, two stock rights offerings and two private placements.

Average daily value turnover in the first three months of 2021 went up by 64.6 percent year-on-year to P10.99 billion from P6.68 billion. The main stock barometer PSE Index ended the first quarter at 6,443.09, declining by 9.8 percent especially with the resurgence of COVID-19 cases in March. “Uncertainty about the pace of the country’s vaccination program has discouraged foreign investors. But we expect that once a good percentage of the population has been vaccinated, these investors will soon regain confidence in our economy,” Monzon explained. INQ

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BPI eyes acquiring Citi's Philippine retail businessIf a deal is reached, BPI would almost double its retail business, as Citi is among the leading credit card issuers. Singapore branches nalang yata ang i-kekeep ng Citibank.
Source: rapplerdotcom - 🏆 4. / 86 Read more »

BPI eyeing bid for Citi consumer, retail banking businessAyala-led Bank of the Philippine Islands (BPI) is keen on bidding for the Philippine consumer and retail banking business of Citi, which plans to exit this segment as part of a global downsizing program. | Philbizwatcher Philbizwatcher citibank mobile banking is the most user friendly 🥺 Philbizwatcher BPI has weak cybersecurity measure in its digital platform, check this petition. 'PHILIPPINES BANKING SYSTEM REFORMS FOR CLIENTS SAFETY'
Source: inquirerdotnet - 🏆 3. / 86 Read more »