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Philippine stocks: Gainers, losers, market-moving news – October 2021

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Philippine stocks: Gainers, losers, market-moving news – October 2021

WHAT YOU NEED TO KNOW

Buy, sell, or hold? Who are the top gainers? How about the biggest losers? Are the bulls winning over the bears? Which company is going public next?

Bookmark and refresh this page for the latest news and analysis on stock market movers, corporate and financial news, business deals, and the economy in the Philippines.

LATEST UPDATES

Peso-dollar exchange rate – October 26, 2021

Most active stocks and PSEi closing – October 26, 2021

BDO profits back to pre-pandemic levels

Ralf Rivas

Profits of BDO Unibank returned to pre-pandemic levels, as the bank significantly lowered its provisions for loan losses.

From January to September, BDO’s net income stood at P32.4 billion, 95% higher than the P16.6 billion it earned during the same period a year ago and around the same level in 2019.

Read more.

Peso-dollar exchange rate – October 25, 2021

Most active stocks and PSEi closing – October 25, 2021

Peso-dollar exchange rate – October 22, 2021

Most active stocks and PSEi closing – October 22, 2021

BPI’s 9-month income reaches P17.5 billion

Ralf Rivas

Ayala-led Bank of the Philippine Islands (BPI) reported a net income of P17.5 billion for the first nine months of 2021, 1.8% higher than in the same period in 2020.

BPI’s bottom line improved as it allotted less for probable loan losses. Booked provisions went down by 50% to P10.3 billion.

Read more.

Medilines’ P2-billion IPO gets PSE nod

Ralf Rivas

The Philippine Stock Exchange (PSE) approved the P2-billion initial public offering (IPO) of medical equipment distributor Medilines Distributors.

Medilines is offering 850 million primary and secondary shares at a maximum price of P2.45. The final price has yet to be determined.

Get the details here.

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Most active stocks and PSEi closing – October 21, 2021