The Philippine Stock Exchange index (PSEi) suffered its biggest drop in 20 months to crash below the 7,000 level after a major hike in pump prices took effect coupled with reports of an even bigger increase next week. The main index fell 310.34 points or 4.26 percent to close at 6,977.73 as banks...
Local share prices weakend as investors fear rising inflation amid the intensifying war between Russia and Ukraine. The main index lost 53.94 points or 0.74 percent to close at 7,288.07 as the Industrial sector led the retreat while the Mining and Oil counter was the only advancer. Volume improved...
The local stock market is seen to continue being pulled back and forth by earnings reports and positive factors such as the improving Covid-19 situation and negative risks such as Russia’s invasion of Ukraine and inflation fears. “Next week, the local market may continue to trade sideways...
The local stock market closed Friday lower as it seesawed between gains and losses during the week. The main index lost 46.08 points or 0.62 percent to close at 7,342.01 as conglomerates led the retreat with Property and Mining firms holding their ground. Volume dropped to 1.33 billion shares worth...
The PSEi bounced back after investors started picking up bargains in the afternoon session. The main index rose 84.07 points or 1.15 percent to close at 7,388.09 as the Mining and Oil counter led the rally across the board. Volume also expanded to 1.82 billion shares worth P8.26 billion as gainers...
The local stock market fell on profit-taking as investors continue to be wary of developments overseas, particularly in Ukraine. The main index dropped 102.93 points or 1.39 percent to close at 7,391.68 as the Property sector led the retreat with only the Mining and Oil counter bucking the trend....
The local stock market continued to regain lost ground as Alert Level 1 took effect in the National Capital Region. The main index rose 93.60 points or 1.28 percent to close at 7,404.61 as Holding Firms led the rally although the Industrial and Property sectors were in the red. Volume eased to 1...
Security Bank Corporation’s Trust and Asset Management Group (TAMG) expects the Philippine Stock Exchange index (PSEi) to hit the 8,000-mark by the end of the year as the economy rebounds in 2022. In a webinar, the group shared its 2022 outlook for the Philippines equities market and how the...
The local stock market rose after the government decided to reduce quarantine measures to Alert Level 1. The main index added 98.78 points or 1.37 percent to close at 7,311.01 as the Property sector surged to lead the advance although the Services counter lagged behind. Volume increased to 2.11...
Russian invasion, alert level to sway stocks By JAMES A. LOYOLA Russia’s invasion of Ukraine and its impact on global equities and other markets will continue to weigh on the local bourse although an easing of quarantine measures may give the PSEi a little boost. “Next week, the local market is...
Local share prices fell again after Russia takes more aggressive steps in Ukraine while western powers remain on the sidelines. The main index plunged 151.98 points or 2.06 percent to close at 7,212.23 led by losses in the Industrial and Property sectors although Mining and Oil managed to buck the...
The PSEi dropped as countries impose sanctions against Russia after its troops moved into parts of Ukraine. The main index fell 76.70 points or 1.03 percent to close at 7,364.21 as the Property sector plunged, although the Services and Mining and Oil counters held their ground. Volume declined to...
