The local stock market ended lower on the lack of good news even as local COVID cases continue to rise to record levels. The main index dropped 37.51 points or 0.52 percent to close at 7,223.83 as Banks led the retreat although the Mining and Oil counter posted strong gains. Volume was still low at...
The local stock market is seen to remain volatile this week despite growing optimism over the recovery of the country’s economy amid the surge in COVID cases fueled by the Omicron variant. “Next week, we may see selling pressures take over the market following its 3.57 percent rally last week....
The local stock market dipped as investors cashed out for the weekend after the sharp gains made in the last 2 days. The main index shed 17.72 points or 0.24 percent to close at 7,290.03 as sectoral indices were evenly mixed with Banks leading the retreat while the Mining and Oil counter led...
The local stock market is seen to continue to be plagued by the rapidly rising cases of COVID-19 in the country and concern that it will again lead to the highest lockdown level. COVID-19 virus “A continuation of this (rising) trend is expected to further escalate worries over the possibility of...
The local stock market fell as investors fret over rising COVID-19 cases and as more areas are put under more stringent quarantine measures. PSEI-NEW-PHOTO-1024x683 The main index dropped 74.41 points or 1.05 percent to close at 7,011.11 as the Property sector led the retreat across the board....
The local stock market closed slightly lower after bargain hunters bought up shares late in the session. Philippine Stock Exchange index (PSEi) The main index shed 5.88 points or 0.08 percent to close at 7,085.52 although only the Holding Firms counter managed to advance while the Services sector...
The local stock market bounced back from early losses after the government announced that the inflation rate has eased. The main index rose 50.13 points or 0.71 percent to close at 7,091.40 as the Services and Financials counters led the advance while the Industrial and Property sectors retreated...
The local stock market kicked off the new trading year in the red due to concerns over the rising number of COVID cases, specially in Metro Manila. The main index dropped 81.36 points or 1.24 percent to close at 7,041.27 as the Property sector led the retreat although the Mining and Oil counter...
The local stock market is in for a bumpy ride this year as it will kick off with concerns over a surge in COVID-19 cases possibly due to the highly-transmissible Omicron variant plus the volatility due to the coming elections. “In the latter part of 2021, fears have fueled on the Omicron variant...
The Philippine stock market benchmark index PSEi plunged 2.89 percent on the last trading day of 2021 to 7,122.63. This drop pulled the index to slightly lower than its 7,139.71 close in 2020 when the market was also reeling from the impact of the pandemic. The All Shares index shed 10.6 percent...
The local stock market plunged on the last trading day of the year on fears that the recent rise in COVID-19 cases is the start of a new surge of infections due to the Omicron variant. The PSEi fell 211.93 points or 2.89 percent to close at 7,122.63 as Holding Firms and Banks led the retreat across...
The PSEi breached the 7,300 level as investors easily pushed up share prices amid thinning volume. The main index rose 48.06 points or 0.66 percent to close at 7,334.56 as the Mining and Oil and Property sectors led the rally although the Holding Firms’ counter slipped into the red. Volume dipped...
