Jolliville Board Approves Divestment of Stake in H2O to Udenna

The Board of Directors of Jolliville Holdings Corp. (PSE: JOH) approved the Memorandum of Agreement (MOA) relating to the proposed sale by JOH and its subsidiaries and related parties of all their shareholding in Philippine H2O Ventures Corp. (PSE: H2O) to Udenna Development Corp. (UDEVCO), or to any of the latter’s subsidiaries or affiliates. The […]
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PH Stocks Index Hit 7,937

Manila—(PHstocks)—The mainboard Philippine Stock Exchange (PSE) index rallied to 7,937.95 at the close of market on Tuesday, 12 July 2016, amid continued optimism over the prospects of a better government under President Rodrigo Duterte. The PSEi was up by 0.92%—sustaining its growth for a third session. The wider All-Shares index improved by 0.81%, closing at 4,795.85. […]
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PSEi Rallies to Break 7,600 Level

Manila—(PHStocks)—The Philippine Stock Exchange (PSE) index broke the 7,600 resistance level to set a new intraday record and an all-time high trading record this year. Buoyed by the positive market sentiment, the PSEi closed today’s trading at 7,630.57, up by 0.58% or 43.9 points. The Financials index went up by 1.62%, followed by the Industrials, […]
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PH Stocks Extend Declines on Weak China PMI

Manila—(PHStocks)—Philippine stocks extended their declines Monday, 3 February, on news of lower China PMI. Other markets in Asia, meanwhile, remained close in celebration of the Lunar New Year. The benchmark Philippine Stock Exchange index (PSEi) dropped by as much as 51 points early in the session, before cutting the losses to just 25.89 points or […]
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PH Stocks End Lower Amid Taper Fears; Keep Foothold at 6,000

Manila—(PHStocks)—Philippine stocks ended the first week of December on a weak note as investors stay in the sidelines in line with the almost-a-year-long-persistent-guessing-game on when the U.S. Fed will reduce its stimulus package—especially now that the US posted a higher-than-expected GDP growth of 3.6% for the third quarter of the year. The Philippine Stock Exchange […]
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Third Investment Grade Rating Boosts PH Stocks

Manila—(PHStocks)—Philippine stocks extended their gains Thursday, 3 October, as Moody’s Investors Service—one of the big three credit ratings firms in the world—showed its approval of the current economic growth track of the country, ongoing fiscal and debt consolidation, political stability and improved governance by giving the Philippines its third investment grade rating today. Moody’s raised […]
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PH Stocks Extend Losses for Third Day

Manila—(PHStocks)—Philippine stocks extended their declines Thursday, 26 September, amid continued concern in the U.S. budgetary issues. The Philippine Stock Exchange index (PSEi) slid by 0.2% to 6,407.46, barely keeping its hold on the 6,400 level as most investors either sold their positions or stayed in the sidelines to await certain market directions. Related Articles:PH Stocks […]
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PH Stocks End Slightly Higher

Manila—(PHStocks)—Philippine stocks recovered slightly Monday, 22 July, amid quiet trading in the market. The benchmark Philippine Stock Exchange (PSE) index inched higher by 0.1% to close at 6,627.36. Total value turnover was just PhP4.7 billion on 864 million shares traded. According to PSE data, foreign buying was PhP2.2 billion while foreign selling was Php2.21 billion. […]
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