PH shares continue to fall amid rate cut uncertainty The local stock market inched lower for a full week of decline as investors opted to sit out the long weekend amid uncertainty over future rate cuts. The main index shed 7.13 points or 0.11 percent to close at 6,383.70 with the Mining and...
The local stock market ended below the 6,400 level despite a strong start as investors sold down shares in late trades. The main index lost 19.24 points or 0.30 percent to close at 6,390.83 led by the decline of the Mining and Oil sector while Property and Services managed to advance. Volume rose...
The Philippine Stock Exchange index (PSEi) continued to drop as investors cashed out prior to the midweek holiday while waiting for news from the US Federal Reserve. The main index lost 48.57 points or 0.75 percent to close at 6,410.07 as the Services sector led the retreat. Volume remained weak at...
The local stock market started the weak soft, falling on profit-taking and concern over the US jobs report. The main index lost 60.12 percent or 0.92 percent to close at 6,458.64 with the Mining and Oil sector leading the decline across the board. Volume fell to 282 million shares worth P3 billion...
Investors in the local stock market will be looking towards the US for cues as key economic data releases and the US Federal Reserve policy meeting will be front and center this week. “The highly anticipated Fed meeting on June 11 to 12, plus inflation reports for May should drive...
The local stock market was up by only a few points as investors wait for more catalysts. The main index added 8.90 points or 0.14 percent to close at 6,518.76 led by Banks while Conglomerates were in the red. Volume was higher at 579 million shares worth P5.05 billion aa losers edged out gainers 90...
Local share prices continue to benefit from improved sentiment following the release of May’s inflation number which turned out to be lower than feared. The main index rose by 68.54 percent or 1.06 percent to close at 6,509.86 as the Services sector led the advance although Miners retreated....
The local stock exchange recovered some of the previous day’s losses following gains in US equities and the release of the May inflation data. The main index added 54.90 points or 0.86 percent to close at 6,441.32 with Conglomerates leading the advance while the Industrial and Mining...
The local stock market resumed its downward trend as investors remained jittery over high inflation and the weaker peso. The peso continued to decline further, closing at P58.71 to a US dollar on Tuesday, June 4, 2024 from P58.68 on June 3. The weighted average rate was at P58.681 from...
The Philippine Stock Exchange index (PSEi) started the week stronger as investors continued bargain hunting after last week’s plunge. The main index added 37.64 points or 0.59 percent to close at 6,470.74 on the strength of Banks although sectoral indices were evenly split. Volume increased to...
This week, stock market investors will be waiting for the release of the May inflation numbers as well as the labor market data while also keeping an eye on the peso-US dollar exchange rate. Philstocks Financial Research Manager Japhet Tantiangco said that there may also be some bargain-hunting as...
The PSEi bounced from its major support level of 6,400 after bargain hunters started picking up battered stocks. The main index rose by 61.35 points to 0.96 percent to close at 6,433.10 as the Services counter surged although Banks and Conglomerates continued to fall. Volume jumped to 1.22 billion...
