The PSEi returned above the 6,600 level as investor sentiment was boosted by the rise in US stocks. The main index added 38.41 points or 0.58 percent to close at 6,621.88 as the Property counter led the advance across the board. Volume inched up to 775 million shares worth P4.76 billion as gainers...
The local stock market dipped to end the week lower as investors seek fresh catalysts. The main index shed 7.33 points or 0.11 percent to close at 6,503.54 with sectoral indices evenly split. Volume rose to 301 million shares worth P6.19 billion as gainers outnumbered losers 106 to 65 with 59...
The local stock market dropped closer to the 6,500 level as investors worry that recent economic data may lead to less aggressive rate cuts. The main index fell 61.64 points or 0.94 percent to close at 6,510.87, with the Property and Mining counters leading the retreat. Volume declined to 314...
The air temperature dropped to 20.1 degrees celsius (°C) at the Science Garden in Quezon City, on Thursday morning, Jan. 18, the lowest recorded temperature for Metro Manila so far since the start of the year. Metro Manila (Pixabay) The Philippine Atmospheric, Geophysical and Astronomical Services...
SAN JUAN, La Union – This town is hosting the World Surfing League La Union International Pro for the second consecutive year. The Surfing Capital of the North is holding the event at the Urbiztondo Beach from January 22 to 28. La Union Gov. Raphaelle Veronica "Rafy" Ortega-David assured...
The local stock market weakened further on news of a lower-than-expected growth of the Chinese economy. The main index fell 64.49 points or 0.97 percent to close at 6,572.51 led by the plunge of the Mining and Oil sector. Volume rose to 590 million shares worth P6.68 billion as losers beat gainers...
The local stock market declined as concerns overseas prompted investors to lock in recent gains. The main index dropped 43.45 points or 0.65 percent to close at 6,637.00 as the Mining and Oil sector led the retreat. Volume was relatively steady at 501 million shares worth P5.98 billion as losers...
The much-awaited giant initial public offerings (IPOs) of SM Prime Holdings’ real estate investment trust and Prime Infrastructure Inc. of billionaire Enrique K. Razon Jr. may not happen this year. In an online briefing, Abacus Securities Corporation Research Head Raymond Neil "Nicky" Franco...
The local stock market continued to rise as investors position for the new year amid rate cut expectations. The main index hiked 37.27 points or 0.56 percent to close at 6,680.45 with the Mining and Oil sector leading the advance. Volume amounted to 460 million shares worth P5.82 billion as...
The Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) recorded a temperature of 20.2°C in Science Garden, Quezon City at 6:30 a.m. on Sunday, Jan. 14 marking it the "coldest" day so far in Metro Manila. Metro Manila (Unsplash) Based on...
Newly appointed Department of Finance (DOF) Secretary Ralph G. Recto said he will push for the passage of a law that will develop a sustainable corporate pension system in the country and reforms in public and private pensions. Recto said that he will advocate for the Capital Markets Development...
The local stock market ended the week higher despite the higher US inflation rate for December. The main index added 29.45 points or 0.45 percent to close at 6,643.18 as the Services sector led the advance while Banks and Miners retreated. Volume was stable at 362 million shares worth P5.64 billion...
