Tag: PSEi

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Volatility to persist as PSEi tests support

Markets Context.ph Context.ph -
Philippine financial markets are expected to remain fragile this week, with investors bracing for continued volatility as risk aversion dominates sentiment and the benchmark index struggles to regain footing above key levels.

Profit-taking weighs down stocks; peso finish higher

Markets Context.ph Context.ph -
The Philippine Stock Exchange index (PSEi) slid 1.3 percent to 6,384.58, extending profit-taking for a second session after touching seven- to nine-month highs. Even so, the benchmark remains comfortably above the 6,000 mark, keeping the broader uptrend intact and suggesting the pullback is more consolidation than reversal.

PSEi steady above 6,000 amid mixed signals

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Philippine equities held their footing above the 6,000 level as caution continued to dominate trading, with analysts balancing global headwinds against pockets of domestic resilience.

Grounded gains, gathering upside momentum

Economy Context.ph Context.ph -
Philippine equities continue to show underlying strength despite the PSEi’s recent mild pullback, which analysts view as a natural bout of profit-taking after a sharp advance.

PSEi seen reaching 7,800 points by yearend

Markets Context.ph Context.ph -
The benchmark Philippine Stock Exchange index (PSEi) could hit 7,800 points within the year as most of its 30-members have forecast earnings exceeding pre-pandemic levels.

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Fortinet boosts AI security solution with NVIDIA technology

Communications & Technology 0
Fortinet, a global leader in cybersecurity, has announced it is accelerating its FortiAIGate solution using NVIDIA’s AI platforms and software. The partnership creates a combined security system designed to protect AI workloads, data, and autonomous agents in real time across data centers and cloud environments. It lets organizations safely build, run, and scale AI tools while keeping performance high and meeting governance rules.

INC rallies behind Senator Marcoleta amid plunder case

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Thousands of members of the Iglesia Ni Cristo (INC), clad in white shirts bearing the words "Accountability" and "Transparency," gathered Monday at Liwasang Bonifacio in Manila and the EDSA People Power Monument, causing heavy traffic as they protested the plunder case filed against Senator Rodante Marcoleta and his reported impending arrest. In a statement, the religious group said it was not opposing the enforcement of the law but objecting to what it described as its selective application to conceal corruption. The INC claimed the case was intended to silence Marcoleta's anti-corruption campaign, declaring that "selective justice is injustice."

Business seeks clearer PPP rules to fasttrack projects

Economy 0
The private sector is pushing for clearer merger exemption rules for public-private partnership (PPP) projects, arguing that greater regulatory certainty would accelerate infrastructure investments without compromising market competition.

Meralco recognized for leading Luzon’s consumer choice programs

Corporate Bulletins 0
The Manila Electric Company (Meralco) has received recognition from the Energy Regulatory Commission (ERC) for registering the highest number of participants in customer choice programs across Luzon.

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