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...
While investors in the local stock market are growing more bullish amid expectations of easing rate hikes, there may be periods of profit-taking while share prices may also be swayed by the release of some US and Philippine economic data. “The case for optimism continues to build up for the local...
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 Securities and Exchange Commission (SEC) is warning the public against investing in Frutas Comida Zamboanga, which has been offering guaranteed returns of 20 percent per month on social media. In an advisory, the SEC flagged the investment solicitation activities of Frutas Comida, as the group...
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...
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...
With the third quarter earnings season over, the local stock market is seen to shift focus on prospects of listed firms in 2023 as well as revert its attention to cues on how aggressively the US Federal Reserve and the Bangko Sentral ng Pilipinas will be raising interest rates. “While the strong...
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 Securities and Exchange Commission (SEC) has approved the bond offerings of San Miguel Corporation (SMC) and Aboitiz Equity Ventures, Inc. (AEV) that will raise up to P90 billion for the two firms. The Commission En Banc resolved to render effective the registration statement of SMC for up to...
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...
