The local stock market firmed up after the August inflation rate dropped lower than expected. The main index added 25.85 percent or 0.38 percent to close at 6,907.97 but sectoral indices were still evenly divided. Volume was lower at 517 million shares worth P5.07 billion as gainers edged out...
Amid the recent strength of the equities market, Philstocks Financial sees the PSEi ending the year between 6,998.78 and 7,665.26 based on its earnings growth projection of five percent to 15 percent for main index members. “With a robust labor market and easing ination, we expect strong demand...
The PSEi recovered from early losses to close flat as investors initially sold down stocks following weak US markets overnight. The main index shed just 0.8 points or 0.01 percent to close at 6,882.12 with sectoral indices evenly divided. Volume was a little higher at 653 million shares worth P5.56...
While Ghost Month ends on Sept. 2, the local stock market is seen to continue to consolidate just below the 7,000 resistance level as investor sentiment remains upbeat although eyes will be on the August inflation numbers later this week. “The market could move with an upward bias on the back of...
The local stock market increased amid strong trading as investors adjusted their portfolios while waiting for more economic indicators. The main index added 5.99 points or 0.09 percent to close at 6,897.54, with sectoral indices split evenly. Volume shot up to 1.74 billion shares worth P13.3...
Local share prices weakened as investors take profits after the index failed to hold above the 7,000 resistance level. The main index lost 66.46 points or 0.96 percent to close at 6,891.55 as Conglomerates led the retreat although the Property and Mining counters stayed in the green. Volume was...
The local stock market initially rose on the back of strong US equities but dipped after failing to hold its ground above the 7,000 level. The main index shed 15.4 points, or 0.22 percent, to close at 6,958.01, with sectoral indices equally split. Volume was weaker at 1.27 billion shares worth...
The local stock market ended with a marginal gain after failing to breach the 7,000 resistance level. The main index added 11.45 points or 0.16 percent to close at 6,973.41 although only the Property and Mining counters managed to advance. A total of 831 million shares worth P6.8 billion changed...
While the 7,000 level is a strong resistance for the Philippine Stock Exchange index (PSEi), the local stock market is seen to continue its bullish trend specially in the light of expectations of a September rate cut by the US Federal Reserve. “This week, the local market could still move with an...
The local stock market finally took a breather from its strong rally while investors wait for cues from the US Federal Reserve. The main index dropped 44.14 points or 0.64 percent to close at 6,900.62 with the Property sector leading the retreat while Industrials managed to advance. Volume...
The local stock market is seen to continue riding on optimism this week due to the Bangko Sentral rate (BSP) cut and expectations that the US Federal Reserve may start reducing rates by September. Philstocks Financial Research Manager Japhet Tantiangco said that, while the local market had a good...
The local stock benchmark surged past the 6,800 level after the Bangko Sentral finally cut the key policy rate after months of market speculation. The main index leaped by 165.53 points or 2.47 percent to close at 6,858.44 as the Services sector led the rally across the board. A total of 629...
