The local stock market ended slightly higher despite a weak start as investors wait for results of the Bangko Sentral ng Pilipinas (BSP) policy meeting. The main index added 26.61 points or 0.39 percent to close at 6,854.53 with the Industrial sector posting the highest gain while the...
The local stock market recovered the previous day’s loss as investor sentiment got a boost from the higher foreign direct investments data for November. The main index added 20.10 points or 0.30 percent to close at 6,872.92 as Industrials led the advance. Volume improved a bit to 557 million...
Investors took profits from the local stock market after last week’s rally while waiting for a fresh batch of Philippine and US economic news. The main index dropped 42.34 points or 0.62 percent to close at 6,807.82 as the Property sector led the decline with only the Services counter...
The local stock market will be looking for cues from fresh corporate earnings reports and the US inflation data this week, even as some profit-taking is expected after the recent rally fueled by the low inflation rate and expectations of rate cuts later this year. “The local market continues to...
The local stock market dropped from the day’s peak above the 6,900 level but still managed to end higher for the day. The main index added 20.12 points or 0.29 percent to close at 6,850.16 as Banks led the advance while the Mining counter led 3 sub-indices down. Volume was firm at 535 million...
The local stock market bounced back as sentiment got a boost from upbeat US stocks while local investors anticipate a lower inflation rate for January. The PSEi jumped by 84.24 points or 1.27 percent to close at 6,707.25 as Banks led the rally although the Property sector retreated. Volume rose 448...
The local stock market slipped on signals from the US Federal Reserve that rate cuts may come later than March. The main index lost 23.43 points or 0.35 percent to close at 6,623.01 as the Mining and Oil counter led the retreat while Banks bucked the trend. Volume dropped to 280 million shares...
The local stock market closed higher but well below the day’s peak after the country’s economic growth came in below target but above analysts’ estimates. The main index added 24.43 points or 0.37 percent to close at 6,646.44 as the Property sector led the advance although conglomerates and...
Prime Integrated Waste Solutions Inc. (PWS), a subsidiary of Razon-led Prime Infrastructure Capital, has advanced into operational phase the country’s first automated materials recovery facility (MRF) sited in Cebu that will be utilized for strategic waste management as well as storage, prior to...
The local stock market dipped as investors wait for tomorrow’s announcement of the country’s last gross domestic product report for 2023. The main index shed 8.67 points or 0.13 percent to close at 6,622.01 with sectoral indices evenly mixed. Volume was still low at 550 million shares worth...
The local stock market lost ground as investors held on to cash while waiting for economic news here and overseas. The main index dropped 55.41 points or 0.83 percent to close at 6,630.68 with the Mining and Oil sector leading the retreat. Volume was thin at 303 million shares worth P4.22 billion...
This week, local stock market investors will be taking cues from the US Federal Reserve meeting as well as Philippine fourth quarter gross domestic product (GDP) data. “Investors face an eventful trading week that could determine whether the local index finally breaks out of the strong resistance...
