The local stock market managed to rise despite higher US inflation as investors were expecting the Bangko Sentral ng Pilipinas (BSP) to cut its policy rate. The main index jumped 69.06 points or 1.14 percent to close at 6,113.19 with the mining and services sectors leading all sub-indices up....
The Philippine Stock Exchange index (PSEi) recovered some lost ground, returning above the 6,000 level following the announcement of changes to the MSCI Philippine Index, effective at the end of February. The main index rose by 56.38 points, or 0.94 percent, to close at 6,044.13, led by...
The local stock market dropped back to the sub-6,000 after four straight days of losses almost wiped out its 420-point bounce last week. The Philippine Stock Exchange (PSE) index lost 49.37 points or 0.82 percent to close at 5,987.75 on Tuesday, Feb. 11, with the retreat led by the property sector...
Cautious investors continue to sell down stocks while waiting for fresh leads, causing the PSEi to fall for the third straight day. The main index slid 117.87 points or 1.92 percent to close at 6,037.12 as property firms and banks led the retreat while miners bucked the trend. Volume dipped...
The local stock market dropped as investors cashed out at the end of the week. The main index fell by 86.98 points or 1.39 percent to close at 6,154.99 with the retreat led by the services sector while miners bucked the trend with a small gain. Volume rose to 450 million shares worth P6.06 billion...
The local stock market succumbed to profit-taking after the PSEi rallied by almost 420 points from its bear market crash last Friday. The main index shed 39.11 points or 0.62 percent to close at 6,241.97 as the Property sector led the correction while the Industrial and Mining counters continued to...
The local stock market rallied for a second day on Wednesday, Feb. 5, on optimism that interest rates would soon be cut after January's inflation rate fell within target. The benchmark Philippine Stock Exchange index (PSEi) jumped 192.02 points, or 3.15 percent, to close at 6,281.08, led by the...
The Philippine stock market rebounded, surpassing the 6,000 mark on Tuesday, Feb. 4, after the US postponed new tariffs on imports from Canada and Mexico. The benchmark index jumped 206.02 points, or 3.50 percent, to close at 6,089.06, led by gains across the services sector. Trading volume reached...
The local stock market started with a strong bounce but lost most of its intraday gains as investors worry about the impact of steep tariffs the US will be slapping on imports from Canada, Mexico, and China. The main index added 20.45 points or 0.35 percent to close at 5,883.04 with property firms...
The local stock market dropped further after the US Federal Reserve decided not to cut interest rates due to inflation. The main index lost 45.81 points or 0.74 percent to close at 6,107.66 with Miners and Conglomerates seeing the biggest losses while Property and Services managed to advance....
The local stock market fell to a 14-month low as investors turned cautious and sold off shares ahead of the Chinese New Year holiday. The main index dropped 43.41 points, or 0.70 percent, to close at 6,153.47. The services sector plunged, while the banks and industrials sectors managed to gain....
The Philippine Stock Exchange (PSE) index continued its decline as investors awaited the results of the US Federal Reserve meeting and the release of Philippine economic growth figures. The main index plunged 99.32 points, or 1.58 percent, to close at 6,196.88, with the Industrial sector leading...
