The local stock market rose for the second day as investors continued to pick up bargains amid positive remittance data. The main index was up 92.54 points or 1.42 percent to close at 6,594.66 as Holding Firms led the advance while the Services counter was the only one that retreated. Volume dipped...
This week, the stock market may see some bargain hunting after suffering a steep fall in the last five trading days although uncertainties remain as investors wait for the new administration to name its economic managers and lay out its plans. “With its fall last week, the market has so far been...
The local stock market continued to fall as the better-than-expected economic growth numbers failed to boost investor sentiment. The PSEi slid by 103.56 points or 1.56 percent to close at 6,532.30 points with Property and Banks leading the retreat across the board. Volume improved 1.59 billion...
Local share prices continued to fall amid uncertainties after Monday’s polls. The PSEi lost 85.07 points or 1.27 percent to close at 6,634.86 as Holding Firms led the retreat although the Services and Mining and Oil counters bucked the trend. A total of 1.92 billion shares worth P6.64 billion...
The local stock market ended lower after the elections, although it managed to recover from a much steeper drop in the morning. The PSEi lost 38.97 points or 0.58 percent to close at 6,720.93 after plunging over 200 points to the 6,500 level early in the session. The Mining and Oil counter led the...
While the stock market will obviously be reacting to the conduct and the outcome the elections, it will also have its eyes on the release of the first quarter gross national product figure as well as more corporate earnings results. “Chartwise, the PSEi’s 50-day exponential moving average (EMA)...
The local stock market fell amid uncertainties before Monday’s elections as well as due to weaker US bourses overnight. The PSEI dropped 109.02 points or 1.59 percent to close at 6,759.90 as the Property sector led the retreat although the Services counter bucked the trend and eked out a gain....
The local stock market rose further after the US Fed assured that it will not be aggressive in raising rates as many fear. PSE The main index rose 66.19 points or 0.97 percent to close at 6,868.92 as the Mining and Oil counter surged and led gains across the board. However, volume dipped to 1...
The local stock market bounced as investors pick up stocks that have suffered losses in past sessions. The main index jumped 81.65 points or 1.22 percent to close at 6,892.73 as the Property sector led the advance although Mining and Oil and Holdjng Firms remained in the red. Volume picked up with...
The PSEi started the month lower after cautious investors quickly sold down stocks after early gains. The main index shed 10.17 points or 0.15 percent to close at 6,721.08 points as Banks led the decline while the Industrial sector was the only one that managed to advance. Volume fell to 795...
The market is seen to take cues from more first quarter earnings reports although investors remain jittery and may trade with a downward bias. “For next week, the market may still move with a downward bias as it contends with a lot of headwinds both onshore and offshore,” said Philstocks...
The local stock market fell on the last trading day of the month over concern on the detection of the new Omicron variant in the country. The PSEi dove by 178.20 points or 2.58 percent to close at 6,731.25 as the Property counter led the retreat of all sectors. Volume rose yo 840 million shares...
