The PSEi started the week higher in mixed trades as cautious investors picked up bargains. The main index rose 21.26 points or 0.34 percent to close at 6,238.82 although sectoral indices were evenly mixed. A total of 682.6 million shares worth P5.24 billion changed hands as gainers beat losers 98...
Bargain-hunting led the PSEi to end higher as the local bourse rang the bell for the last time in its trading floor. The main index jumped 152.33 points or 2.51 percent to close at 6,216.56 as the Property sector led the rebound although the Mining and Oil counter remained in the red. Volume...
Real estate firm Italpinas Development Corporation (IDC) has forged a partnership with Lanvin Natural Resources Corporation for a P1.8 billion expansion of its residential project in Sto. Tomas, Batangas. In a disclosure to the Philippine Stock Exchange, IDC said it has entered into an...
Local share prices fell again as investors worry about a possible global economic recession as well as the weakness of the peso against the dollar. The PSEi dropped 102.77 points or 1.67 percent to close at 6,065.23 as Mining firms and Banks plunged. Volume remained thin at 1.08 billion shares...
The local stock market fell again as investors worry about the possibility of a new surge in Covid cases as higher interest rates due to rising inflation. The main index plunged 117.19 points or 1.87 percent to close at 6,168.00 with the Property sector suffering the biggest drop. Volume increased...
The local stock market declined following a new round of pump price hikes and a weaker peso. The main index dropped 48.75 points or 0.78 percent to close at 6,285.19 as losses were led by the Services sector while the Industrial and Mining and Oil counters managed to advance. Volume remained anemic...
The local stock market closed flat as investors wait for cues from US bourses and market-moving news. The PSEi eked out a gain of 2.38 points or 0.04 percent to close at 6,333.94 although only the Industrial and Holding Firms sectors advanced while the Property counter led decliners. Volume was...
Stocks take cue from US to resume slide Local share prices took their cues from the US and dropped again, to end one of the Philippine Stock Exchange Index’s (PSEi) worst week this year. The main index lost 61.45 points or 0.96 percent to close at 6,331.56 as Conglomerates led the retreat with...
The local stock market bounced after the announcement of an expected US rate hike and the growth in remittances. The main index rose 73.59 points or 1.16 percent to close at 6,393.01 with the Property sector leading the advance although the Services counter lagged behind. Volume declined to 647...
The local stock market resumed its slide on the back of losses in Wall Street as interest rates rise ahead of the US Federal Reserves’ monetary policy meeting. The main index fell 155.11 points or 2.40 percent to close at 6,319.42 as Conglomerates and Property firms led the retreat across the...
The Philippine Stock Exchange Index (PSEi) managed to recover from early losses to end its losing streak by posting a small gain as investors finally came in to pick up some bargains. The main index inched up 7.52 points or 0.12 percent to close at 6,474.53 although only the Holding Firms and...
The local stock market continued to decline after news of a high US inflation rate sent share prices tumbling. The main index dropped 63.03 points or 0.97 percent to close at 6,467.01 with the Mining and Oil index leading the retreat across the board. Volume remained thin at 761 million shares...
