Inflation fears drag down PSEi by 1.87%
OCTOBER 29, 2026
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Showing posts with label EMMANUEL JOHN ABRIS. Show all posts
Showing posts with label EMMANUEL JOHN ABRIS. Show all posts
Thursday, October 29, 2026
PSE nears full PDS Group takeover
PSE nears full PDS Group takeover
The Philippine Stock Exchange, Inc. (PSE) is nearing full ownership of Philippine Dealing System Holdings Corp. (PDS Group) after signing a deal to acquire another block that would raise its holdings to about 97.63 percent.
In a disclosure on Wednesday, PSE said it had signed a share purchase agreement for 192,776 common shares of the Development Bank of the Philippines (DBP), representing 3.08 percent of PDS.
This brings the local bourse closer to its goal of owning the entire PDS Group, which operates the country’s bond trading platform and provides securities depository services.
This will allow the unification of capital market infrastructure, which has taken decades of on-and-off deal-making.
At the P600-per-share acquisition price listed in the filing, the DBP shares will cost about P115.67 million. The transaction is subject to customary post-closing conditions.
PSE currently beneficially owns 94.55 percent of PDS after buying out banks and other institutional shareholders.
For the broader acquisition program, the filing lists 4.8 million shares, or 76.74 percent of PDS’ outstanding capital stock, and an aggregate purchase price of P2.76 billion.
The pricing was based on PDS’ enterprise value of P3.75 billion.
PDS owns Philippine Dealing & Exchange Corp., which operates the fixed-income exchange, and a 97.72-percent stake in Philippine Depository & Trust Corp.
PSE wants the acquisition to help companies access both equity and debt funding through a single venue for listing and capital raising.
It also expects the integration of trading, depository, clearing and settlement functions to improve efficiency.
“These transactions are part of PSE’s plan to acquire up to 100 percent of [PDS] to align the Philippine capital market with other markets globally which have a single exchange structure for fixed income and equities,” the exchange said.
“The transaction results in a vertical integration of the depository function within the same group that operates trading, clearing and settlement of listed securities,” it added.
The DBP deal follows a series of purchases that made PDS a majority-owned PSE subsidiary in December 2024.
In January, PSE president and CEO Ramon Monzon outlined a plan to dissolve PDS, with its operating subsidiaries to be held directly by the exchange.
Wednesday, October 14, 2026
PSEi falls amid inflation, rate hike fears
PSEi falls amid inflation, rate hike fears
Philippine stocks were down on Tuesday as rising inflation and expectations of another interest rate hike fueled concerns over the country’s economic growth outlook.
The benchmark Philippine Stock Exchange Index (PSEi) dropped 0.73 percent, or 41.64 points, to close at 5,701.54.
Philstocks Financial Inc. attributed the decline to worries about economic growth as investors increasingly expect the Bangko Sentral ng Pilipinas (BSP) to raise rates again at its Oct. 22 meeting.
Elevated bond yields added pressure on the stock market, the brokerage said.
Trading remained subdued, with net value turnover reaching P3.98 billion.
Philstocks said downside risks continued to keep many investors on the sidelines.
Luis Limlingan, head of sales at Regina Capital Development Corp., said the local index ended lower as investors opted to take profits following two consecutive sessions of gains.
“The profit-taking reflects continued caution among market participants amid lingering uncertainties,” Limlingan said.
“Investors remain watchful of external developments and domestic economic conditions, which could influence near-term market direction,” he added.
Foreign investors also weighed on the market, ending the session as net sellers with outflows of P468.75 million.
All sectoral indices finished in negative territory. Services and holding firms posted the steepest declines, each losing 0.85 percent.
Despite the broad retreat, PLDT Inc. led the index gainers, climbing 3.91 percent to P1,195 per share.
ACEN Corp. was the day’s worst-performing index stock, falling 4.48 percent to P2.56 per share.
Tuesday, October 13, 2026
Monday, October 12, 2026
Wednesday, October 7, 2026
Saturday, October 3, 2026
Saturday, September 26, 2026
PSEi snaps 5-day decline on foreign inflows
Philippine stocks bounced back on Friday as bargain hunters returned after five straight sessions of losses, while strong foreign buying provided additional support.
The benchmark Philippine Stock Exchange Index (PSEi) climbed 1.67 percent, or 95.95 points, to close at 5,825.97.
Luis Limlingan, head of sales at Regina Capital Development Corp., said market sentiment improved following expectations that local gas prices could decline next week, easing some cost pressures.
“Sentiment was further supported by reports that US and Iranian negotiators are exploring a phased deal that could see Tehran reopen the Strait of Hormuz and Washington lift its blockade of Iranian ports,” Limlingan said.
Foreign investors were net buyers, posting net inflows of P2.85 billion.
This helped lift the market despite lingering concerns over the country’s macroeconomic environment.
Trading activity, however, remained tepid. Net value turnover stood at P5.21 billion as many investors stayed on the sidelines due to persistent downside risks, according to Philstocks Financial Inc.
All sectoral indices finished in positive territory. Services led the advance after rising 3.22 percent.
International Container Terminal Services Inc. was the strongest performer among PSEi members. Shares of the port operator climbed 3.95 percent to P920 each.
Semirara Mining and Power Corp., meanwhile, was the main index laggard. Its shares fell 4.5 percent to P15.28.
Analysts said Friday’s rebound offered some relief after the market’s five-session slump.
Still, the subdued turnover suggested investors remained cautious while assessing risks to the broader economy.
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