Despite headwinds buffeting the global economy, the local stock market is seen to benefit from some bargain-hunting as well as window-dressing by fund managers this week. “With already three straight weeks of decline, episodes of bargain hunting may be experienced in (this) week’s trading,”...
Bargain-hunting led the PSEi to end higher as the local bourse rang the bell for the last time in its trading floor. The main index jumped 152.33 points or 2.51 percent to close at 6,216.56 as the Property sector led the rebound although the Mining and Oil counter remained in the red. Volume...
Local share prices fell again as investors worry about a possible global economic recession as well as the weakness of the peso against the dollar. The PSEi dropped 102.77 points or 1.67 percent to close at 6,065.23 as Mining firms and Banks plunged. Volume remained thin at 1.08 billion shares...
The local stock market fell again as investors worry about the possibility of a new surge in Covid cases as higher interest rates due to rising inflation. The main index plunged 117.19 points or 1.87 percent to close at 6,168.00 with the Property sector suffering the biggest drop. Volume increased...
The local stock market declined following a new round of pump price hikes and a weaker peso. The main index dropped 48.75 points or 0.78 percent to close at 6,285.19 as losses were led by the Services sector while the Industrial and Mining and Oil counters managed to advance. Volume remained anemic...
The local stock market closed flat as investors wait for cues from US bourses and market-moving news. The PSEi eked out a gain of 2.38 points or 0.04 percent to close at 6,333.94 although only the Industrial and Holding Firms sectors advanced while the Property counter led decliners. Volume was...
While sentiment continues to be weighed down by rising inflation, there may be some bargain hunting as investors wait to see how the Bangko Sentral ng Pilipinas (BSP) will react to the US Federal Reserve’s rate hike. “With already two consecutive weeks of decline, we may see some episodes of...
Stocks take cue from US to resume slide Local share prices took their cues from the US and dropped again, to end one of the Philippine Stock Exchange Index’s (PSEi) worst week this year. The main index lost 61.45 points or 0.96 percent to close at 6,331.56 as Conglomerates led the retreat with...
The local stock market bounced after the announcement of an expected US rate hike and the growth in remittances. The main index rose 73.59 points or 1.16 percent to close at 6,393.01 with the Property sector leading the advance although the Services counter lagged behind. Volume declined to 647...
The Philippine Stock Exchange Index (PSEi) managed to recover from early losses to end its losing streak by posting a small gain as investors finally came in to pick up some bargains. The main index inched up 7.52 points or 0.12 percent to close at 6,474.53 although only the Holding Firms and...
The local stock market continued to decline after news of a high US inflation rate sent share prices tumbling. The main index dropped 63.03 points or 0.97 percent to close at 6,467.01 with the Mining and Oil index leading the retreat across the board. Volume remained thin at 761 million shares...
The local stock market is seen to continue to be weighed down by concerns over rising inflation and its impact on monetary policy and consumption both here and abroad while investors will keep an eye on remittance and balance of payments data. “The local market is seen to have a downward bias...
