The local stock market dropped further as investors continued to wait for market-moving news, particularly those related to possible interest rate cuts, both here and in the US. The main index lost 39.81 points or 0.62 percent to close at 6,358.96 as Banks led the retreat. Volume improved but...
The local stock market saw some profit-taking as investors waited to take cues from the release of economic data this week. The main index shed 13.14 points or 0.20 percent to close at 6,398.77 as Conglomerates led the decline while Banks managed to stay in the green. Volume fell to 4-7 million...
Investors in the local stock market will be watching out for the release of June inflation numbers for cues this week although follow through buying may keep stocks buoyant after the Bangko Sentral’s statements gave sentiment a boost. “This week, investors are expected to watch out for the...
The local bourse closed the week on a positive note as investor sentiment got a boost from expectations of a local interest rate cut. The main index added 21.33 points or 0.33 percent to close at 6,411.91 as Conglomerates led the advance while banks and miners retreated. Volume improved to 1.16...
The local stock market continued to recover as investors turned hopeful that US inflation will be low enough to trigger a rate cut. The main index jumped 77.47 points or 1.23 percent to close at 6,390.58 as Banks led the rally. Volume remained low though at 508 million shares worth P4.52 billion as...
The local stock market inched up as investors continued to slowly pick up bargains. The main index added 14.06 points or 0.22 percent to close at 6,313.11 led by the advance of the Services sector while Conglomerates and Miners retreated. Volume improved to 323 million shares worth P4.91 billion as...
The Philippine Stock Exchange Index (PSEi) added to the previous day’s gains on the back of more bargain hunting and window dressing. The main index rose by 26.59 points or 0.42 percent to close at 6,299.05 as the Services sector led the advance while Conglomerates and Industrials retreated....
The local stock market finally bounced after its eight-day fall as investors started bargain-hunting. The main index jumped 113.98 points or 1.85 percent to close at 6,272.46 as the Property sector led the rally while Miners still lagged behind. Volume was a little better than average at 356...
After its steep eight-day fall, the local stock market will now be looking forward to the Monetary Board’s policy meeting later this week as it hopes for a statement that will trigger bargain-hunting among investors. “The local market is seen to be exhibiting a bearish bias… With its decline,...
The PSEi is still on a losing streak, declining as the market suffers from a lack of fresh leads. The main index lost 21.47 percent or 0.34 percent to close at 6,344.56 as Banks and Services led the retreat. Volume was still below average at 328 million shares worth P3.94 billion as gainers...
The local stock market started the week lower as concerns over interest rate cuts continue to weigh on investor sentiment. The main index shed 14.9 points or 0.23 points to close at 6,368.80, pulled down by Banks and Services as a majority of sectors actually advanced. Volume was low at 298 million...
The local stock market has turned bearish after last week’s plunge but investors are not seen to jump in to pick up bargains this week as they are expected to remain on the sidelines amid an absence of positive catalysts. “The local market declined last week by 2.07 percent. With its decline,...
