The local stock market rallied for the third day as investors are becoming more optimistic over the country’s COVID situation. The main index jumped 118.77 points or 1.81 percent to close at 6,680.18 led by the Holding Firms and Property counters although the Mining and Oil sector continued to...
The local stock market added more gains following better remittances data and in anticipation of positive earnings reports from overseas. The main index hiked 47.73 points or 0.73 percent to close at 6,562.41 as the Property sector continued to lead the advance while the Mining and Oil counter was...
GT Capital Holdings, Inc. reported a 143 percent surge in consolidated net income to P6.7 billion for the first half of 2021 from P2.7 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the conglomerate said its core net income increased 83 percent to P5.8...
The local stock market jumped as investors scooped up bargains following last Friday’s huge drop in share prices. The main index rose 193.49 points or 3.06 percent to close at 6,513.68 as the battered Holding Firms sector led the rally with only the Mining and Oil counter retreating. 26645 Volume...
Local share prices plunged as foreign investors dumped stocks ahead of the effectivity of the new PSEi composition next week. The main index fell 236.38 points or 3.61 percent to close at 6,320.19 after the Holding Firms counter lost 5.21 percent. Only the Financials sector managed to hold its...
The local stock market fell after the MSCI index rebalancing as well as due to concern over rising COVID cases. The main index lost 110.29 points or 1.65 percent to close at 6,556.57 as thr Property and Holding Firms counters led the retreat with only the Mining and Oil sector managing to advance....
Malacañang said that while it wanted the National Capital Region (NCR) to shift to less strict quarantine classification soon, the government cannot endanger the people's lives if the country cannot take care of those who might get sick because of the coronavirus disease (COVID-19). Manila...
The local stock market rose on the back of gains in the US as well as positioning ahead of the rebalancing of the MSCI ( Morgan Stanley Capital International), which measures the performance of the large and mid cap segments of the Philippines market. The main index advanced 43.63 points or 0.66...
Senator Grace Poe on Tuesday stressed the need for the government to ensure that the distribution of social amelioration program (SAP) or cash aid to those who are affected by the reimposition of the enhanced community quarantine (ECQ) in the National Capital Region (NCR) and select provinces would...
The local stock market dipped despite the report of a stronger than expected gross domestic product (GDP) for the second quarter as investors fret over the impact of the lockdown in the second semester. The main index shed 9.34 points or 0.14 percent to close at 6,623.23 with sectoral indices...
Cosco Capital, Inc., the retail holding firm of businessman Lucio L. Co, reported an 18 percent improvement in consolidated net income to P4.99 billion for the first half of 2021 from the P4.23 billion posted in the same period last year. In a disclosure to the Philippine Stock Exchange, Cosco said...
The local stock market opened the week on a high note following gains in the US last Friday and in anticipation of better economic data to be announced on Tuesday. The main index jumped 92.66 points or 1.42 percent to close at 6,632.57 as the Property sector surged 3.65 percent while the Mining and...
