Stock market investors are seen to remain cautious this week as it does not have any major announcement scheduled that may affect sentiment. “Next week, the overall sentiment is expected to remain cautious as investors wait for catalysts for the market,” said Philstocks Financial Senior...
The PSEi continued its losing streak as sentiment weakened overnight while investors wait for fresh leads at the domestic front. The main index dropped 50.48 points or 0.69 percent to close at 7,299.34 as Banks and Miners led the retreat although the Property counter managed to eke out a small...
The local stock market weakened further as investors wait for the outcome of the policy meeting of the Monetary Board on Thursday, Nov. 18. The Philippine Stock Exchange index shed 17.6 points or 0.24 percent to close at 7,349.82 on Wednesday, Nov. 17, with sectoral indices evenly mixed as the...
The local stock market saw some profit-taking at the start of the week as investor sentiment was weighed down by negative news from overseas. The main index dropped 40.47 points or 0.55 percent to close at 7342.37 as the Mining and Oil counter fell while only the Holding Firms sector managed to...
Stocks to take cues from politics, COVID cases James A. Loyola The local stock market is seen to be swayed by recent political developments this week although investors continue to be optimistic amid the reopening of the economy and the generally positive corporate results for the third quarter....
The local stock market bounced from its two-day correction yesterday as investors continue to regain optimism. The Philippine Stock Exchange index (PSEi) rose 51.19 points, or 0.70 percent, to close at 7,382.84 although sectoral indices were evenly mixed with Property stocks leading the advance...
The local stock market continued to be pulled lower by profit-taking following the decline in US bourses. The main index lost 44.03 points or 0.60 percent to close at 7,331.65 as the Property sector led the retreat while the Services counter managed to hold its ground. 45341 Volume was lower at...
The local stock market finally yielded to some profit-taking after a 6-day rally tracking a similar pause in US bourses. The main index dropped 65.99 points or 0.89 percent to close at 7,375.68 with heavyweights Banks and Holding Firms leading the retreat. Losers beat gainers 116 to 77 with 56...
The local stock market rose to a new 2021 high for the third straight session, this time spurred by the higher-than-expected growth in gross domestic product for the third quarter. PSE_NEW The main index gained 45.45 points or 0.82 percent to close at 7,441.67 as the Services sector led the rally...
The local stock market sustained last week’s winning streak on Monday, with the PSEi hitting its highest level so far this year, as investors remained bullish amid the downtrend in COVID cases and the coming announcement of the Philippine gross domestic product. The main index added 55.45 points...
After breaching the 7,300 level, the local stock market is seen to test its strength further this week to see if it can reach the 52-week high of 7,432.40 for the Philippine Stock Exchange Index (PSEi). “While last week’s rally could invite selling pressures, the market is still seen to have an...
The local stock market surged to end the week at its highest level this year as investors cheered the lower-than-expected inflation rate for October and the loosening of quarantine restrictions. The main index jumped 137.05 points or 1.90 percent to close at 7,340.77 as the Property and Services...
