PSEi seen to correct after underperforming in Feb bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
BusinessWorld
February 24, 2021 | 9:00 pm
PHILIPPINE SHARES closed in the red on Wednesday as investors processed President Rodrigo R. Duterteâs decision to keep Metro Manila under strict quarantine measures until the countryâs inoculation program begins.
The Philippine Stock Exchange Index (PSEi) declined by 58.72 points or 0.86% to close at 6,755.95, while the broader all shares index fell 41.56 points or 1% to end at 4,100.16.
âInvestors still digested the decision of the government of rejecting to place the entire country under modified general community quarantine without the coronavirus disease 2019 (COVID-19) vaccine rollout,â Philstocks Financial, Inc. Research Associate Claire T. Alviar said in a Viber message.
Peso sinks to weakest close in 3 months bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
SunStar
+ February 16, 2021 WITH the pandemic still ongoing, many Filipinos have realized that they cannot rely on just one source of income for their long-term expenditures and necessities. Investments are becoming an increasingly attractive solution in addition to salaries or personal savings, but some Filipinos have still not recognized its potential.
At Pru Life UK Investments Pilipinas Rising Up webinar held in October last year, Bangko Sentral ng Pilipinas (BSP) governor Benjamin Diokno revealed that 54 million Filipinos do not have investments. Citing the 2019 Financial Inclusion Survey, he shared that from 2017 to 2019, the number of Filipinos who invested grew only by two percent, from 23 percent to 25 percent.
MANILA, Feb 15, (Bloomberg): Philippine investors are shifting into small, lesser-known names in a stock market that ranked as the world’s worst performer last month.
Demand has waned for the 30 component shares of the Philippine Stock Exchange Index, which includes giants like SM Investments Corp. and Ayala Land Inc., amid an uncertain economic recovery, the ongoing pandemic and a flight of foreign funds. The PSEi tumbled 7.4% in January, the worst performance among global equity benchmarks.
The slump in large caps pushed investors to take a chance on riskier small caps, said Fitz Aclan, who helps manage about $520 million as chief investment officer at United Coconut Planters Bank.