The Philippine Stock Exchange index (PSEi) declined to close the week below the 7,000 support level as investors continued to sell local stocks due to concerns regarding the implications of a Trump presidency and slower economic growth. The main index dropped by 37.26 points, or 0.53 percent,...
The local stock market plunged after the government reported slower-than-expected growth for the Philippine economy and Donald Trump won the US presidential race. The main index fell by 150.98 points, or 2.11 percent, to close at 7,014.44, with the Property sector still leading the decline,...
The Clark International Airport Corp. (CIAC) is accelerating the implementation of infrastructure projects to further develop the Clark Aviation Capital, the prime land surrounding the privately-run Clark International Airport. In a statement on Thursday, Nov. 7, Jojit Alcazar, CIAC...
The local stock market fell due to a possible Trump win in the US elections. The main index lost 92.52 points or 1.27 percent to close at 7,165.42 with the retreat led by the Property sector. Volume dipped to 1.33 billion shares worth P4.58 billion as losers beat gainers 105 to 83 with 49...
The local stock market surged on news that the inflation rate in October did not rise higher than expected. The main index jumped 121.84 points or 1.71 percent to close at 7,257.94 with the Property sector leading the rally. Volume was still weak though at 1.03 billion shares worth P4.97 billion as...
The local stock exchange traded sideways as investors wait for the US elections and Federal Reserve meeting. The main index shed 6.86 percent or 0.10 percent to close at 7,136.10 with the Mining counter posting the steepest drop while Conglomerates and Services improved. Volume was low at 588...
The PSEi plunged to the 7,100 level as investors cashed out amid uncertainties due to the upcoming US elections and fears of higher Philippine inflation. The main index fell 137.28 points or 1.89 percent to close at 7,142.96 as Banks led the retreat although the Property and Mining counters were in...
The local stock market rose in late trades as investors took positions ahead of the release of more third quarter earnings reports by listed companies. The main index added 40.26 points or 0.56 percent to close at 7,280.24 as Banks led the advance while Conglomerates and Property firms declined....
By DERCO ROSAL London-based Capital Economics expects that Southeast Asian central banks, including the Bangko Sentral ng Pilipinas (BSP), will likely continue lowering interest rates in the coming months due to anticipated sluggish economic growth and continued low inflation. “With GDP [gross...
The PSEi fell below the 7,300 level as investors cash out before the long weekend when another typhoon is expected to hit the country. The main index index plunged by 103.26 points or 1.41 percent to close at 7,239.98 with the Property counter suffering the biggest loss. Volume rose to 566 million...
The Philippine Stock Exchange Index (PSEi) ended in the green in volatile trading as investors digested fresh earnings reports while anticipating the release of more US and Philippine economic data. The main index rose by 29.01 points or 0.40 percent to close at 7,343.24 with all sectoral indices...
The country’s top lender BDO Unibank Inc. (BDO) reported a 12 percent year-on-year (YoY) growth in net profit to P60.6 billion in the first nine months of 2024. In a disclosure to the Philippine Stock Exchange (PSE), the bank said its growth in net income was driven by the sustained contribution...
