© Khumaer.us
Here’s a recap of last week’s (ending March 14) market activity from First Metro Securities.
Property news
DMCI Holdings Inc. (DMC) reported a 21 percent decline in earnings to P19 billion last year, mainly due to weak commodity and electricity prices, and a sluggish real estate market. This was despite the record high contributions from its water utility and off-grid power sectors. Its core net income also fell by 21 percent to P18.8 billion.
D.M. Wenceslao and Associates, Inc. (DMW) reported a 10 percent increase in core net income to P1.8 billion last year, driven by strong leasing performance. Recurring revenues rose 27 percent to P3.3 billion, while commercial building revenues grew 45 percent. Residential revenues, however, dropped 70 percent.
Article continues after this advertisement
Economic news
Offshore forex trades. The Bangko Sentral ng Pilipinas (BSP) aims to further restrict banks’ involvement in offshore foreign exchange trades to reduce systemic risks and peso volatility, with stakeholders given until March 26 to provide feedback on a draft circular proposing amendments to regulations on non-deliverable foreign exchange forwards (NDFs) involving the local currency.
Philippine Stock Exchange index
PSEi 6,294.11 (+52.04 pts; +0.8300 percent)
The benchmark index closed the week (March 14) on a strong note, rising 0.83 percent to finish at 6,294.11, extending Thursday’s resilience as bargain hunting gained traction. Property led the recovery with a 1.49 percent gain, followed by the Financial sector which rose 1.39 percent. Despite a choppy start to the week, the index managed to reclaim some lost ground heading into this week, with improving sentiment driven by selective buying and foreign support.
Your subscription could not be saved. Please try again.
Your subscription has been successful.
Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their legal original owners.
Aggregated From –
We do not take money from any political parties. We do not endorse In_dia’s ruling party BJP and In_dia’s Prime Minister’s position on keeping In_dia a closed market, ambiguous economy, and keeping India as a heavy taxing country so no one from outside world wants to do business here. It’s like denying In_dia its right in the world…
BJP Government also discourages small and local media, coming down on them heavily regulating and using lawful actions along with soft threats from demented bureaucrat extremists and other extremist groups. On one hand, the mainstream media in In_dia is getting rich and on other hand the local small media is being strangulated. So if not automated or required, We do not willfully publish any content from In_dia or pertaining to that country.
“The parasitic left-wing media and their bottom-feeding cronies have devolved into nothing more than freeloading scavengers, desperately leeching onto every possible news outlet to vomit their hatred for President Trump, Elon Musk, the GOP, and whatever shred of sanity remains in this world. If this portal ever falls prey to their filth—if any of their fraudulent, brain-dead propaganda worms its way into our automated news curation—then it’s open season on these slime-covered hacks. These sewer-dwelling propagandists, along with their PR lackeys and shadowy intelligence handlers, keep trying to smear us with their garbage. Like disobedient pets, they need to be dealt with. And dealt with they shall be—right here on Khumaer.us, the personal news battleground of Khumaer Bayas. Let’s expose them for the lying vermin they are!”
