The local stock market bounced back as investors turned into bargain hunters late in the session. The main index jumped up 176.08 points or 2.81 percent to close at 6,446.31 as the Holding Firms and Property counters led the advance while the Mining and Oil sectors was the only one that retreated....
Top local online brokerage firm COL Financial has reduced its year-end target for the Philippine Stock Exchange index but remains optimistic about the market’s recovery despite risks posed by the Delta variant. 23577 In a virtual press briefing, COL Chief Equity Strategist April Lynn L. Tan said...
The local stock market plunged after the government announced a hard lockdown just a few days after saying it is not necessary. The main index fell 226.30 points or 3.48 percent to close at 6,273.23 with the Property and Holding Firms counters suffering the biggest losses. Volume improved to 1.81...
The local stock market paused from its slide following gains in the US and the announcement of quarantine measures that were less stringent than feared. The PSEi gained 23.50 points or 0.36 percent to close at 6,496.53 with the Mining and Oil counter leading the advance of all sectors. Volume...
After a single day bounce, Philippine share prices weakened again amid calls for a hard lockdown to prevent a surge that may be fuelled by the Delta variant. The main index lost 49.55 points or 0.76 percent to close at 6,473.03 as banks and Industrials led the drop across the board. Volume was...
Local share prices rebounded after investors bought up stocks that have been sold down in the past week. The PSEi surged 149.97 points or 2.35 percent to close at 6,522.58 as the Property and Mining and Oil counters led the rally across the board. 22315 Volume remained weak though at 1.17 billion...
Philippine share prices continue to dive ahead of the President’s state of the nation address even as more new local cases of the Delta variant are reported. The main index fell 148.13 points or 2.27 percent to close at 6,372.61 as blue chip holding firms and banks led the sell-off. PSE-BGC-...
The local stock market gave up some of the previous day’s gains to end lower week-on-week after government reimposed stricter quarantine measures after reporting the local transmission of the Delta variant. The main index ended 55.88 points or 0.85 percent lower to close at 6,520.74, after...
The rapid acceleration of digital transactions brought on by the pandemic underlines the need for greater consumer protection. Presently, Republic Act 7394 or the Consumer Act of the Philippines, provides the legal basis for consumer protection and establishes standards of conduct for business...
The local stock market finally bounced, after its fall that started last Friday, as investors started picking up battered issues. The main index jumped 100.41 points or 1.55 percent to close at 6,576.62 as banks and holding firms led the advance across the board. However, volume fell to a thin 1.4...
Some senators on Thursday have called on the country’s banks to take responsibility for the operations of their “cash agents” to make sure that the banking public is protected, especially those who rely on “padala” or money sent by relatives to help them get by during the coronavirus...
The local market continued to plunge with the entry of the Delta variant which is making the government consider the reimposition of more stringent quarantine measures. The PSEi fell 110.99 points or 1.68 percent to close at 6,476.21 with the Financials and Industrial counters leading the bloodbath...
