Philippine Stocks: Ayala Land, Metro Pacific, PetroEnergy
Shares of the following companies had unusual moves in Philippine trading. Stock symbols are in parentheses and prices are as of the close in Manila. The Philippine Stock Exchange Index rose 1.3 percent to 4,943.84, a record high. Read More..
Buy Philippine Builder Stocks on Rate Cut, Rizal Commercial Says
The current interest-rate environment is quite favorable for the property sector,” Rico Gomez, who helps manage $1.53 billion at Manila-based Rizal Commercial Banking Corp. (RCB), said in a phone interview yesterday. “As long as overall market sentiment doesn’t deteriorate, we will see further gains Read More..
Biofuels and Biomaterials raise $1.374B in equity in past 12 months
The largest equity raise of the year was $227 million raised by Solazyme(SZYM) in its IPO. Other notable equity raises included $123M raised by Gevo(GEVO) and $150M raised by KiOR(KIOR) in their IPOs, a $72M raise by Renewable Energy Group (REGI) in its IPO last month, and private rounds of $75 million by Fulcrum Bioenergy, $70 million by Joule Unlimited, $60 million by Enerkem, $50 million by Elevance Renewable Sciences, and $50 million by Renmatix. Read More..
Philippine Stocks Rally to Record on Fund Inflows: Manila Mover
Philippine stocks rose to a record, the peso climbed the most in two weeks and the nation’s bonds advanced amid speculation the country’s growth prospects will lure overseas funds. Read More..
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