The upcoming reduction in the Philippine stock transaction tax, effective Tuesday, is expected to boost trading activities, as investors remain cautiously optimistic despite global markets and oil prices being sensitive to developments in the Middle East. “The local market managed to bounce back...
The PSEi ended the week on a positive note as investors continue buying stocks as the ceasefire between Israel and Iran is holding despite a shaky start. The main index jumped by 77.62 points, or 1.23 percent, to close at 6,408.27—led by the strength of the property sector, although miners fell...
The Philippine benchmark index inched up as investor sentiment remained buoyed by easing oil prices amid a ceasefire in the Middle East. The main index added 5.01 points or 0.08 percent to close at 6,330.65 on Thursday, June 26, although only Conglomerates and the Property counter managed to...
The local stock market rose further as the peso firmed up while oil prices dropped due to the ceasefire between Israel and Iran. The main index added 32.89 points or 0.52 percent to close at 6,325.64 on Wednesday, June 25, with the advance led by the Property sector, although Banks and Industrials...
The PSEi bounced back after Iran made only a token response to the United States (US) bombing of its nuclear facilities and the US announced a ceasefire, although investors’ relief eventually gave way to caution and trimmed intra-day gains. The main index rose by 74.47 points, or 1.2 percent, to...
The Philippine Stock Exchange index (PSEi) plunged in a knee-jerk reaction to the United States’ (US) bombing of Iran’s nuclear facilities, as this may lead to further escalation in the conflict and fuel more oil price hikes. The main index fell by 121.49 points, or 1.92 percent, to close at...
With no major economic data scheduled for release this week, the local stock market is expected to remain weighed down by the ongoing conflict between Israel and Iran and the inflationary effects of its impact on oil prices. Philstocks Financial Research Manager Japhet Tantiangco said the local...
The Philippine stock market ended the week lower, as investors worried about the inflationary effects of higher oil prices due to the Israel-Iran conflict, coupled with a weaker peso. The main index shed 17.24 points, or 0.27 percent, to close at 6,339.77 on Friday, June 20. The Industrial sector...
Local stocks rose as investors anticipate a rate cut by the Bangko Sentral ng Pilipinas, which is seen to lower the cost of money and boost consumer and corporate spending. The main index added 19.58 points or 0.31 percent to close at 6,357.01 on Thursday, June 19, as Banks led the advance while...
The PSEi dropped amid see-saw trading this week—volatility is being fed by the Israel-Iran conflict even as investors wait for word from the United States (US) and Philippine central banks, which will hold policy meetings this week. The main index lost 31.76 points, or 0.5 percent, to close at...
The Philippine Stock Exchange index (PSEi) recovered the previous day’s loss on more substantial remittance numbers as well as hopes that the Israel-Iran conflict will de-escalate. The main index added 10.61 points or 0.17 percent to close at 6,3699.19. Industrials led the advance while Banks...
The ongoing war between Israel and Iran pulled down the PSEi as it made investors jittery. The main index dropped 37.01 points, or 0.58 percent, to 6,358.58, although sectoral indices were evenly split. Volume was strong at 1.07 billion shares worth ₱8.82 billion, as losers outnumbered...
