Sell-off Pulls PH Stocks Below 6000 Level

Manila—(PHStocks)—Philippine stocks succumb to sell-off amid continued investor pessimism gripping the market. The benchmark Philippine Stock Exchange (PSE) index dropped by 3.42% or 211.12 points to close today’s trading at 5,971.05 – losing close to 20% of its value since it hit a market high of 7392 in the middle of last month. China’s slide […]
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PH Stocks Up Anew, Back in 7300 Territory

Manila—(PHStocks)—Philippine stocks extended their gains Tuesday, 21 May, on strong investor confidence amid continuing bullish outlook for the country. The benchmark Philippine Stock Exchange (PSE) index increased by 0.72% or 52.2 points to 7,327.58, retaking its foothold in the 7300 territory after a series of profit taking during the last three trading days. Most sectors […]
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PH Stocks Take a Pause

Manila—(PHStocks)—Philippine stocks retreated on Thursday, 16 May, amid investors cashing in on their gains over the recent surge in the market. The bellwether Philippine Stock Exchange (PSE) index shed 1.10% or -81.26 to close the trading day at 7,310.94 – a day after touching the 7,400 level intraday. Profit-taking was widespread. All counters were in […]
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PH Stocks Climb to 7300 Level

Manila—(PHStocks)—Philippine stocks hit a new milestone Tuesday, 14 May, amid continued bullishness in the country’s economic outlook. The benchmark Philippine Stock Exchange (PSE) index rallied to break past the 7,300-point level and close today’s trading at 7,313.46, up by 0.7% or 51.08 points, but not before hitting a new all-time intraday high of 7,349.95 – […]
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PHStocks Dividend Roundup

Below are some of the recent dividend announcements compiled by PHStocks. Cirtek Holdings Philippines Corporation (PSE: CHIPS): Following the results of the Special Stockholders’ Meeting held 1 March 2013, the shareholders approved and ratified the declaration of 20% Stock Dividends to stockholders of record as of 15 March 2013, payable on 5 April 2013. Philippine […]
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Metro Pacific, DMCI Complete Maynilad Deal with Marubeni

Manila—(PHStocks)—Metro Pacific Investments Corporation (PSE: MPI) and DMCI Holdings Inc. (PSE: DMC) have completed their discussions with Japan’s Marubeni Corp. for Marubeni to acquire a 20% economic interest in Maynilad Water Services Inc. Marubeni, through an affiliate, will acquire a shareholding of 21.54% in DMWCI, the joint venture holding company, which will hold 92.85% of […]
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MPIC and Cavitex Holdings Enter into PhP6.77B Financing, Cooperation Agreement

Manila—(PHStocks)—Cavitex Holdings Inc. (formerly Coastal Road Corporation) (CHI) and Metro Pacific Investments Corporation (MPIC, PSE: MPI) and its subsidiary Metro Pacific Tollways Corporation (MPTC) jointly announced a PhP6.77 billion financing and cooperation agreement between CHI and MPTC. Under the agreement with CHI, CHI will issue a Convertible Note to MPTC which will entitle MPTC the […]
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