The local stock market bucked the regional trend and started December with some profit-taking following six-day rally. The main index dropped 45.79 points or 0.68 percent to close at 6,734.99 although sectoral indices were evenly mixed. A hefty 796 million shares worth P10.11 billion changed hands...
Overcoming a weak start due to the decline in US bourses, the local stock market breezed past the 6,700 level to close near the 6,800 mark as funds pushed up share prices. The main index jumped 99.31 points or 1.49 percent to close at 6,780.78 as the Property sector surged while the Industrial and...
The local stock market continues to benefit from perceptions that future rate hikes will be less aggressive. The PSEi jumped 74.53 points or 1.13 percent to close at 6,681.47 as the Mining and Oil counter surged with only the Property sector retreating. Volume rose to 729 million shares worth P8.68...
Philippine Regional Investment Development Corporation (PRIDE), a subsidiary of AbaCore Capital Holdings Inc., has entered into an agreement with Highsource Prime Building Inc. to undertake various leisure projects at the Montemaria Shrine at an initial cost of P4.2 billion. In a disclosure to the...
The local stock market finished strong after a sluggish start to end the week at the 6,600 level as foreign buying continued. The main index rose 77.43 points or 1.17 percent to close at 6,606.94 with the Property sector leading the rally although the Industrial counter lagged behind. Volume grew...
The local stock market ended slightly higher on the strength of banking stocks amid optimism over policy rates. The main index added 20.19 points or 0.31 percent to close at 6,530.51 as Banks led the advance although the Industrial and Property counters retreated. Volume was relatively stable at...
The local stock market continued to rally on optimism that rate hikes will become less aggressive. The main index rose 80.67 points or 1.26 percent to close at 6,510.32 as the Property sector led the advance across the board. Volume was slightly higher at 802 million shares worth P5.88 billion as...
Transportation Secretary Jaime Bautista said the goal now of his agency is to make the Philippines "the Maritime Capital of the World by supplying the "seafarers of choice for the global maritime industry." Bautista, who announced his department's goal Wednesday, Nov. 23, noted there over 600,000...
The PSEi rose after a brief respite yesterday on the back of foreign buying in blue chips. The main index added 26.41 points or 0.41 percent to close at 6,429.65 as sectoral indices were evenly mixed. Volume declined to 525 million shares worth P5.39 billion as losers beat gainers 117 to 78 with 41...
The local stock market started the week with some profit-taking as investors wait for economic news from the US. The main index shed 34.14 points or 0.53 percent to close at 6,403.24, dragged down by the Property and Holding Firms counters while all other sectors actually advanced. Volume improved...
The local stock market ended the week higher after the Bangko Sentral raised policy by 75 basis points as expected. The PSEi rose 33.64 points or 0.52 percent to close at 6,437.38 with Banks leading the advance. Volume was lower at 570 million shares worth P5.33 billion as gainers outnumbered...
The local stock market managed to end in the green after seeing some losses earlier in the session as investors wait for the result of the Bangko Sentral policy meeting. The main index added 11.65 points or 0.18 percent to close at 6,403.74 with sectoral indices again evenly mixed. Volume was...
