The local stock market jumped on further bargain hunting as investors cheered a series of good news. The main index rose 118.49 points or 1.63 percent to close at 7,401.16 as telcos and banks led the rally across the board. 48245 Volume improved to 1.55 billion shares worth P9.28 billion as gainers...
The local stock market managed to end flat after starting the week in the red with investor sentiment stuck in the doldrums. The main index eked out a 2.1-point or 0.03 percent gain to close at 7,282.67 with only the Financials and Mining and Oil counters advancing while most sectors retreated....
Stock market investors are seen to remain cautious this week as it does not have any major announcement scheduled that may affect sentiment. “Next week, the overall sentiment is expected to remain cautious as investors wait for catalysts for the market,” said Philstocks Financial Senior...
The Keepers Holdings Inc., retailer Lucio Co’s liquor import and distribution business, has successfully listed its P4.5 billion follow on offering shares at the Philippine Stock Exchange with its share price rising 12.7 percent to close at P1.69 apiece. PSE President Ramon S. Monzon said The...
The PSEi continued its losing streak as sentiment weakened overnight while investors wait for fresh leads at the domestic front. The main index dropped 50.48 points or 0.69 percent to close at 7,299.34 as Banks and Miners led the retreat although the Property counter managed to eke out a small...
The local stock market weakened further as investors wait for the outcome of the policy meeting of the Monetary Board on Thursday, Nov. 18. The Philippine Stock Exchange index shed 17.6 points or 0.24 percent to close at 7,349.82 on Wednesday, Nov. 17, with sectoral indices evenly mixed as the...
The local stock market managed to end higher despite earlier losses as investors wait for more market moving news. The main index gained 25.05 points or 0.34 percent to close at 7,367.42 as the Mining and Oil counter led the advance although half the sectors retreated. PSE_NEW Volume was higher at...
The Philippine Stock Exchange (PSE) reported that its net income rose 43.7 percent to P541.53 million in the first three quarters of 2021 from P376.84 million in the same period last year on higher operating revenues. In a disclosure, the bourse said its listing-related fees, trading-related fees...
The local stock market saw some profit-taking at the start of the week as investor sentiment was weighed down by negative news from overseas. The main index dropped 40.47 points or 0.55 percent to close at 7342.37 as the Mining and Oil counter fell while only the Holding Firms sector managed to...
Stocks to take cues from politics, COVID cases James A. Loyola The local stock market is seen to be swayed by recent political developments this week although investors continue to be optimistic amid the reopening of the economy and the generally positive corporate results for the third quarter....
The local stock market bounced from its two-day correction yesterday as investors continue to regain optimism. The Philippine Stock Exchange index (PSEi) rose 51.19 points, or 0.70 percent, to close at 7,382.84 although sectoral indices were evenly mixed with Property stocks leading the advance...
The local stock market continued to be pulled lower by profit-taking following the decline in US bourses. The main index lost 44.03 points or 0.60 percent to close at 7,331.65 as the Property sector led the retreat while the Services counter managed to hold its ground. 45341 Volume was lower at...
