Business NEWS

Local share prices dropped on Wednesday, (Feb. 24)   as sentiment continue to be weighed down by government’s decision not to ease lockdown measures.

The local equities market managed to end in the green on Tuesday, (Feb.  23)  after trading in negative territory most of the day as investors started picking up cheaper stocks.

The local stock market started the week in the negative as investors cash out prior to the government’s decision on whether to loosen lockdown measures.

Trading at the stock market this week is seen to be volatile due to a confluence of factors including earnings reports from some blue chip companies. 

Local share prices bounced  Friday (Feb. 19) from recent losses as investors started to pick up bargains ahead of the weekend. The main index rose 76.77 points or 1.12 percent to close at 6,926.41 as the Holding Firms and Mining and Oil counters led gains across the board. 

The local stock market fell  Thursday, (February 18) as investors are jittery over developments here and overseas.

The local stock market gave up most of the previous day’s gains Wednesday, (Feb. 17) as investors went back to selling mode.

The local stock market bounced back to the 7,000 level  as global  stocks rallied. The PSEi hiked 84.85 points or 1.22 percent to close at 7.044.06 as sub-indices rose across the board. 

The stock market weakened as investors continued to pocket gains while waiting for more cues to buy up stocks. 

Two local brokerage firms expect the Philippine stock market to go higher this year as consumer spending is seen to rise with the arrival of vaccines and the consequent easing of quarantine restrictions.

The Philippine stock market gained a little more ground as investors are cautiously becoming more optimistic because of developments here and overseas.

The local stock market chalked up some gains as losers investors were encouraged by a new US stimulus package and the arrival of vaccines in the Philippines.

The PSEi managed to wipe out early losses to end in positive territory as investors were quick to buy back shares.

The local stock market ended the week on a high note despite the inflation rate rising faster than expected.

The Philippine Stock Exchange Index (PSEi) moved up as investors started buying again on improving sentiment.

The local stock market lost early gains as profit-taking pushed down share prices.

Filipinos shopping online used more digital payments than cash during the pandemic year 2020  according to e-wallet provider PayMaya which processed over P95 billion worth of transactions last year.

The local stock market is seen to remain weak this week even after the steep fall seen in the previous trading days on fear that more stringent quarantine measures may be reimposed as COVID-19 cases are rising again.