The local stock market is seen to be swayed by corporate earnings reports, the government’s decision on whether to ease quarantine restrictions, as well as lingering concern over US interest rates. “Next week, we expect the local market to take cues from the government’s decision on the alert...
The local stock market bucked the regional trend and managed to move up after the release of better-than-expected economic numbers for the last quarter of 2021. The main index gained 19.91 points or 0.27 percent to close at 7,273.52 as Banks led the advance although the Holding Firms and Mining and...
The PSEi lost the previous day’s gains as investors trade cautiously while waiting for the US Federal Reserve to announce the results of its ongoing meeting. The main index dropped 34.69 points or 0.47 percent to close at 7,253.61 as Banks led the decline while the Mining and Oil counter bucked...
The local stock market rose as investors have become cautiously optimistic that quarantine measures may be eased in the National Capital Region where the COVID-19 variant Omicron surge appears to have peaked. The main index gained 35.57 points or 0.49 percent to close at 7,288.21 as the Industrial...
Local share prices weakened as investors wait for the US Fed’s meeting as well as the release of the latest Philippine gross domestic product numbers. The main index lost 40.88 points or 0.56 percent to close at 7,252.64 as Banks led the retreat across the board. Volume remained low at 1.96...
The local stock market lost more ground as the decline in US equities continued to weigh on investor sentiment. The main index shed 22.26 points or 0.31 percent to close at 7,239.28 as sectoral indices were evenly mixed with the Property sector suffering the biggest loss while the Mining and Oil...
The Philippine Stock Exchange Index (PSEi) bounced back as investors picked up bargains on news that COVID-19 cases in the National Capital Region seems to be easing. The PSEi rose 120.13 points or 1.66 percent to close at 7,343.96 led by the Holding Firms and Services sectors with only the Mining...
The local stock market ended lower on the lack of good news even as local COVID cases continue to rise to record levels. The main index dropped 37.51 points or 0.52 percent to close at 7,223.83 as Banks led the retreat although the Mining and Oil counter posted strong gains. Volume was still low at...
The local stock market is seen to remain volatile this week despite growing optimism over the recovery of the country’s economy amid the surge in COVID cases fueled by the Omicron variant. “Next week, we may see selling pressures take over the market following its 3.57 percent rally last week....
The local stock market dipped as investors cashed out for the weekend after the sharp gains made in the last 2 days. The main index shed 17.72 points or 0.24 percent to close at 7,290.03 as sectoral indices were evenly mixed with Banks leading the retreat while the Mining and Oil counter led...
The local stock market is seen to continue to be plagued by the rapidly rising cases of COVID-19 in the country and concern that it will again lead to the highest lockdown level. COVID-19 virus “A continuation of this (rising) trend is expected to further escalate worries over the possibility of...
The local stock market fell as investors fret over rising COVID-19 cases and as more areas are put under more stringent quarantine measures. PSEI-NEW-PHOTO-1024x683 The main index dropped 74.41 points or 1.05 percent to close at 7,011.11 as the Property sector led the retreat across the board....
