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...
The local stock market rose on year-end window dressing and some optimism over stronger holiday spending. The main index gained 31.70 points or 0.44 percent to close at 7,286.50 as the Mining and Oil counter led the advance while the Property sector was the sole decliner Volume improved but was...
The local stock market managed to rise after trading weaker in the morning as few investors still trading start positioning for 2022. The PSEi hiked 72.94 points or 1.02 percent to close at 7,254.80 as the Financials and Services sectors led the advance although the Industrial counter retreated....
For this short trading week, the local stock market is seen to experience thin volumes as investors both here and overseas are still on holiday. “Soft trading activity is expected for the last trading week of the year, as participants take their time to mull strategies—both in the past and...
The local stock market dropped for the third day this week as the gravity of the last typhoon’s damage becomes more apparent. The PSEi lost 47.87 points or 0.67 percent to close at 7,119.19 as Holding Firms fell while the Industrial and Mining and Oil counters advanced. Volume dipped to 1.61...
The local stock market market lost more ground as investors continue to worry over the rising COVID-19 numbers overseas and the damage caused by Typhoon Odette. The main index dropped 70.55 points or 0.98 percent to close at 7,167.06 as Banks led the retreat across the board. Volume remained thin...
The local stock market dropped as investors worry again about the spread of the Omicron variant locally and overseas while assessing the damage wrought by Typhoon Odette. The main index lost 60.05 points or 0.82 percent to close at 7,237.61 as the Mining and Oil counter led the retreat although the...
