SM 2018 Net Income Up 13% to PhP37B

SM Investments Corp. (PSE: SM) reported a 13% growth in net income to PhP37.1 billion in 2018 from PhP32.9 billion in 2017. Consolidated revenues also rose by 13% to PhP449.8 billion from PhP397.9 billion the previous year. Property accounted for 41% of total earnings, with banks comprising 38% and retail 21%. “Our very good results […]
Continue reading…

 

PH Stocks Retreat, 6000 Remains Elusive

Manila—(PHStocks)—Philippine stocks slipped on Tuesday, 14 January, as investors unload a portion of their positions after the rally yesterday. The Philippine Stock Exchange index (PSEi) slid by just 5 points or nearly 0.1% to close today’s trading at 5,935.56. After Friday’s sell-off, the main index went up to 5,940.67 yesterday, before going slightly down today. […]
Continue reading…

 

PH Stocks Down for Second Session

Manila—(PHStocks)—Philippine stocks extended their declines Friday, 10 January, as sell-off continues. The Philippine Stock Exchange index (PSEi) shed 1.59% or 94.63 points to close this week’s trading at 5,842.88. Most counters were back in the red, led by the Holding Firms segment, which dropped by 2.56%, followed by Financials, which slid by 1.86%. The wider […]
Continue reading…

 

Profit Taking Pulls Back PH Stocks

Manila—(PHStocks)—Philippine stocks were back in the red as investors took whatever profits they could from yesterday’s rebound. The Philippine Stock Exchange index (PSEi) slid by 0.82% or 48.97 points to close at 5,937.51 today, 9 January. The biggest decliners included the Financials sector (-2.06%) and the Property index (-1.11%). The Mining and Oil sector ended […]
Continue reading…

 

PH Stocks Bounce Back

Manila—(PHStocks)—Philippine stocks recovered yesterday’s losses, buoyed by optimism in U.S. growth prospects as well as expectations of higher global growth forecasts by the International Monetary Fund. The benchmark Philippine Stock Exchange index (PSEi) gained 0.66% or 39.04 points to close at 5,986.48 today, 8 January. All counters are in the green, led by the Property […]
Continue reading…

 

PH Stocks Stumble Anew

Manila—(PHStocks)—Philippine stocks erased yesterday’s gains to finish today’s session at almost the same level as last week. The mainboard Philippine Stock Exchange index (PSEi) went down by 0.64% or 38.37 points to close at 5,947.44 today, 7 January. Most counters were back in the red, led by the Industrials, which shed 1.68%. The Services sector […]
Continue reading…

 

PH Stocks Recover as Investors Take Position

Manila—(PHStocks)—Philippine stocks were up Monday, 6 January, as investors start pick up bargain stocks after last Friday’s profit taking. The benchmark Philippine Stock Exchange index (PSEi) ended the trading day 0.64% or 37.88 points higher – regaining its losses last week – to 5,985.81. Related Articles:PH Stocks Stumble AnewPH Stocks Down for Second SessionPH Stocks […]
Continue reading…