Local shares weakened slightly Friday after failing to breach the 7,300 level. The Philippine Stock Exchange index (PSEi) retreated 25.22 points, or 0.35 percent, to close at 7,272.80 with sectoral indices evenly mixed. Photo credit: (https://www.pse.com.ph/) Volume rose to 23.55 billion shares...
The local stock market bounced today after some profit-taking in the previous session as investors cheer the ratification of the national budget and news on the US stimulus plan. The Philippine Stock Exchange index (PSEi) gained 51.77 points, or 0.73 percent, to close at 7,154.43 although...
While there is still momentum in the local stock market from last week’s rally, its sustainability will hinge on whether there will be more positive news on COVID-19 vaccines and the US stimulus package. BDO Chief Market Strategist Jonathan Ravelas said that, after hopes of a vaccine fueled last...
The local stock market continued to surge on heightened optimism over COVID-19 vaccines and prospects of a US Stimulus plan. Photo credit: (https://www.pse.com.ph/) The main index jumped 113.51 points or 1.60 percent to close at 7,194.13 with only the Services sector retreating. Volume rose to 3.65...
The local market is seen to make a healthy correction to digest strong gains made last week on the success of two COVID-19 vaccines and the surprise rate cut by the Bangko Sentral ng Pilipinas. “This week, we may see a pullback as investors book gains out of the market’s 3-week...
The local stock market surged past the 7,000 level as investors celebrated positive reports on breakthrough in COVID-19 vaccines. The Philippine Stock Exchange index (PSEi) leaped 349.63 points, or 5.23 percent ,to close at 7,035.48 as share prices rose across the board with the Holding Firms...
The local stock market surged at the start of the US elections as investors look forward to an end in the guessing game over who will lead the world’s most influential economy in the next four years. The PSEi rose 128.49 points or 2.03 percent to close at 6,464.05 as share prices rose...
All eyes will be on the outcome of the US elections this week while third quarter earnings and lingering concern over COVID-19 will provide cues at the local front. Traders work beneath an electronic ticker at the trading floor of the Philippine Stock Exchange in Bonifacio Global City...
The Philippine stock market may take a breather at the start of the week following its strong rally last week but investor sentiment may be swayed by the announcement third quarter results by some index heavyweights. “The local market staged a strong rally but, with the quick surge, the local...
The local market closed its best week since the start of quarantine Friday on the back of good corporate earnings and US stimulus news. The Philippine Stock Exchange index (PSEi) rose by 139.43 points, or 2.2 percent, to close at 6,484.06 although the Services sector did not join the...
The local stock market is seen range trade this week although positive corporate nine-month results have the potential to spur the index to breach the 6,000 level. “The market may be more inclined to trade within range for now, until after US elections are finalized by November. This, plus...
