The local stock market moved sideways with a downward bias but managed to end a few points higher on late bargain-hunting. The main index inched up by 2.45 points or 0.04 percent to close at 6,967.96 although only Conglomerates and Property firms advanced. Volume rose further to 891 million shares...
The local stock market jumped on continued bargain hunting as sentiment was boosted by gains in the US. The main index rose by 85.92 points or 1.25 percent to close at 6,965.51 as the Property sector led the rally across the board. Volume grew to 700 million shares worth P6.47 billion as gainers...
TORONTO – Investors who are seriously looking at infusing heavy capital for nuclear power projects in the Philippines are decisively assessing concerns on siting as well as certainty of regulatory frameworks being the challenges that could make or break a deal in the resurgence of this...
The local stock market inched up mainly due to the jump in the share price of index heavyweight PLDT plus some bargain hunting. The main index added 7.35 points or 0.11 percent to close at 6,879.59 as the Services sector led with a 2.04 percent gain which offset the decline of Banks and...
The local stock market lost the bulk of last Friday’s gains after US bourses closed lower. The main index fell 69.97 points or 1.01 percent to close at 6,872.24 as the Property sector led the retreat across the board. Volume dropped to 507 million shares worth P3.76 billion as losers trounced...
While selling pressures remain after a 7-week rally, the local stock market is seen to remain bullish and may again try to breach the 7,000 level especially if US inflation data as well as local corporate earnings, remittances and foreign direct investments figures boost investor sentiment....
The PSEi made a strong bounce after a healthy correction as investors picked up cheaper stocks. The main index jumped 104.87 points or 1.53 percent to close at 6,942.21 as the Property sector led the advance while Mining and Oil lagged behind. Volume dipped to 548 million shares worth P4.86 billion...
The local stock market dropped on signs that interest rates in the US and Philippines are not going to be cut soon as many investors had hoped. The main index lost 41.20 points or 0.60 percent as the rate-sensitive Property sector led the retreat while the Services counter managed to advance. A...
The local stock market weakened further, weighed down by the performance of US stocks and the higher Philippine inflation numbers for February. The main index shed 26.92 points or 0.39 percent to close at 6,878.54 as the Industrial sector led the retreat while Banks managed to buck the trend....
Local share prices dropped after the government reported that inflation rose higher than expected last month. The main index lost 46.21 points or 0.66 percent to close at 6,905.46 as Banks led the retreat while Conglomerates advanced. Volume was still firm at 425 million shares worth P5.37 billion...
AbaCore Capital Holdings Inc. boasted that a Singapore-based, long-term-oriented investment fund with a focus on businesses based in Emerging Asia is increasing its investment in the company but declined to name the investor. In a statement, AbaCore said the unnamed investment fund purchased an...
Positive news from the US boosted local stocks although the Philippine Stock Exchange Index (PSEi) again failed to hold above the 7,000 level. The main index added 32.08 points or 0.46 percent to close at 6,951.67, boosted by gains of the Services and Property sectors. Volume was firm at 530...
