The local stock market plunged as investors turned jittery after Iran attacked Israel with hundreds of missiles. The main index fell 96.96 points or 1.46 percent to close at 6,562.43 as Conglomerates led the retreat while the Mining sector bucked the trend. A total of 612 million shares worth P5.58...
With the local stock market on a seven-day losing streak, there may be some bouts of bargain-hunting this week although investor sentiment will continue to be dampened by concern over rising inflation and its impact on interest rates. “The local market turned more bearish as it breached the 6,700...
The local stock market remained below its 6,700 support level as investors continue to sell amid rising exodus of later and less interest rate cuts this year. The main index lost 18.26 points or 0.27 percent to close at 6,659.39 although only the Property and Holding Firms sectors dropped. Volume...
The local stock market fell again as investor sentiment has been dampened by dashed rate cut hopes amid rising inflation. The main index dropped 63.42 points or 0.94 percent as the Property sector led the retreat although Banks and Miners advanced. Volume rose to 747 million shares worth P6.71...
The local stock market extended its losing streak but some bargain-hunting helped the PSEi to recover most of the day’s losses. The main index shed 4.39 points or 0.07 percent to close at 6,741.07 with sectoral indices evenly divided. Volume was low at 572 million shares worth P4.26 billion as...
With investor sentiment turning bearish amid fears that interest rate cuts are not coming soon due to rising inflation, the local stock market is seen to look to the Bangko Sentral ng Pilipinas’ upcoming policy meeting as well as the country's trade data for direction this week. “Sentiment is...
The Philippine Stock Exchange's bellweather fell by more than 200 points on Friday, April 5, from Monday’s level after a four-day losing streak, as investors were spooked by the rising inflation rate and the prospect of a delay in the reduction of interest rates. The main index dropped 81.6...
The local stock market continued to decline due to growing uncertainties in both the global and domestic fronts. The PSEi dropped 36.76 points or 0.54 percent to close at 6,827.06 led by the retreat of the Services sector although Miners and Banks advanced. Volume was weak at 510 million shares...
The local stock market fell following renewed concern over US interest rates. The main index plunged 96.61 points or 1.39 percent to close at 6,863.82 as the Property sector led the retreat. Volume also dropped to 701 million shares worth P4.29 billion as losers outnumbered gainers 119 to 71 with...
The local stock market ended lower on late profit-taking after a strong opening that sent the Philippine Stock Exchange Index (PSEi) above the 7,000 level. The main index lost 19.38 points or 0.28 percent to close at 6,960.43 led by losses of Banks although sectoral indices were evenly split....
The local stock market kicked off the first trading day of the second quarter with a substantial hike following strong economic data from China and the US. The main index jumped by 76.28 points or 1.10 percent to close at 6,979.81 as Conglomerates led the advance while the Industrial sector lagged...
Investors in the local stock market will be looking forward to the release of the March inflation numbers this week to see if there will be further delays in the central bank's policy rate cuts. “For the first week of April, investors are expected to look towards upcoming economic data for clues....
