PHStocks

Filinvest Development Corporation (PSE: FDC): Cash dividend of PhP0.0536 per share to stockholders of record as of 27 June 2013; to be paid on 17 July 2013. Philippine Savings Bank (PSE: PSB): Cash dividend of PhP0.75 per share to all stockholders of record as of 18 June 2013; payable on 3 July 2013. Nickel Asia Corporation (PSE: NIKL): Stock dividend of 25% to all stockholders of record as of 18…

Manila—(PHStocks)—Philippine stocks were down for the second straight session, weighed down by poor industry data in global markets. Late in the session, the Philippine Stock Exchange (PSE) index went down by as much as 173.29 points, before slightly recovering to limit losses to just 89.91 points or 1.33% to close the trading day at 6,673.47. All counters remained in the red. The Services index shed the most at 3.08%, followed…

Manila—(PHStocks)—Philippine stocks withstood an early session downtrend to post a recovery at the last trading day of the week and the month as investors scoop up bargains. The benchmark Philippine Stock Exchange (PSE) index gained 0.99% or 68.6 points to close at 7,021.95 – climbing back to the 7,000-level after the bloodshed yesterday. Meanwhile, value turnover reached a whopping PhP85.25 billion on 6.287 billion shares traded. Stocks may have also…

Manila—(PHStocks)—After yesterday’s sharp recovery, investors cashed in on their gains while others stayed away from the markets amid jitters across the region. The positive news of the Philippines’ first quarter GDP growth of 7.8%—which beats analysts forecasts, outpaces most ASEAN countries including Indonesia’s 6%, Thailand’s 5.3%, and Vietnam’s 4.9%, and even beating that of China’s 7.7% GDP growth for the same quarter—did very little to stimulate the local bourse. At…

Manila—(PHStocks)—The bloodshed continued, and Philippine stocks were down for a third straight session Monday, 27 May, amid continued profit taking and news of China’s slower pace of growth as well as the possibility of the US Federal Reserve reducing its stimulus if US economic conditions improve. The benchmark Philippine Stock Exchange (PSE) index closed at 7,097.51, sharply down by 2.36% or -171.4 points. All counters continued to be in the…