The local stock market opened the shorter trading week on a positive note as month’s end window dressing started while oil prices weakened. The main index rose by 40.07 points or 0.64 percent to close at 6,309.57 as the Property sector surged to lead the advance while the Industrial and...
The local stock market is seen to remain cheap and this may continue to spur investors to bargain-hunt although the recent rise in the inflation rate and worries over the country’s economic growth are seen to limit any rallies. “The local market remains at bargain levels with a price to...
Local share prices plunged after the government reported that consumer prices surged in September. The main index fell 119.60 points or 1.90 percent to close at 6,178.60 as the Property sector led all sub indices in their retreat. A total of 676 million shares worth P5.43 billion changed...
The PSEi managed to eke out a marginal gain after bargain hunters lifted it out of negative territory. The main index inched up by 1.46 points or 0.02 percent to close at 6,305.99 with sectoral indices evenly divided. Volume improved to 856 million shares worth P5.94 billion as losers...
The local stock market dipped as investors take profits ahead of the release of economic data here and in the US. The main index declined by 16.71 points or 0.26 percent to close at 6,304.53 as the Property counter led the retreat while the Industrial and Services sectors advanced. Volume...
Investors in the local stock market will be watching out for the September inflation numbers on Oct. 5 after its strong performance last week. “Despite last week’s rally, the local market remains at attractive levels as its price to earnings ratio as of September 29 is at 13.61 times, below its...
The local stock market ended its six-day rally and finally gave way to profit-taking on the last trading day of the week, month, and end of the third quarter. The main index fell by 64.28 points or 1.01 percent to close at 6,321.24 as the Services sector led the retreat although Miners managed to...
The PSEi rose again as the removal of Metro Pacific Investments Corp. (MPIC) and Aboitiz Power Corp. (AboitizPower) from the benchmark boosted trading in other stocks although profit taking tapered gains. The main index added 10.84 points or 0.17 percent to close at 6,385.52 although sectoral...
The Philippine stock market surged for the fifth day in a row as investors continue to find share prices low. The main index jumped 110.74 points or 1.77 percent as Banks led the charge across the board. Volume was lower but still higher than average at 764 million shares worth P6.73 billion...
The local stock market continues to recover lost ground as funds rebalance their portfolios while some investors buy up cheaper stocks. The main index rose 30.05 points or 0.49 percent to close at 6,172.84 with the advance led by Conglomerates although Miners were left behind. Volume jumped...
This week, the local stock market is seen to be swayed by quarter’s end window dressing, the changes in the stock exchange indices, and the confidence survey results recently released by the Bangko Sentral ng PIlipinas (BSP). “The local market was able to post gains last week amid a rebound...
The local stock market rose further after both US and Philippine policy interest rates were left unchanged by the central banks of the two countries. The main index added 48.08 points or 0.79 percent to close at 6,142.79 with Conglomerates leading all sectors forward. Volume declined to 1.09...
