The local stock market recovered from the previous day’s losses as investors picked up bargains late in the session. The PSEi rose 52.34 points or 0.75 percent to close at 7,008.94 as Banks led the advance while the Industrial and Mining and Oil counters lagged behind. Volume weakened to 1.11...
The local stock market closed below the 7,000 level despite early gains as investors noted the rise in oil prices. The main index dropped 50.03 points or 0.73 percent to settle at 6,956.60 as the Mining and Oil counter led the retreat while the Services sector managed to advance. Volume was weaker...
The local stock market is seen to remain volatile this week due to the ongoing invasion of Ukraine by Russia and its impact on oil prices and inflation. “We may still see a turbulent week ahead for the local market amid the lingering uncertainties on the Russia - Ukraine conflict,” said...
Share prices gave up the previous day’s gains to end the week lower as investors were quick to take profit amid uncertainties in Europe. The main index fell by 114.82 points or 1.61 percent to close at 7,007.63 on Friday, March 18, as Banks led the retreat while only the Mining and Oil counter...
Converge Information and Communications Technology Solutions, Inc. said its net income doubled last year after residential subscriber numbers soared. In 2021, Converge’s profit jumped from P3.39 billion to P7.16 billion amid strong and continued subscriber take-up now at over 1.69 million, the...
The local stock market managed to recover from early losses to push the Philippine Stock Exchange index (PSEi) into positive territory at the close of the day’s trading. The main index inched up 6.53 points or 0.09 percent to close at 7,026.45 on Wednesday, March 16, with the Mining and Oil...
The local stock market recovered some of the previous day’s losses and returned above the 7,000 level as investors found prices of heavyweights too low to resist. The main index jumped 202.97 points or 2.98 percent to close at 7,019.92 with the Property and Banking sectors leading the advance...
The PSEi plunged to a six-month low as the impact of Russia’s invasion of Ukraine is seem to affect the growth of Asian economies. The main index fell 295.24 points or 4.15 percent to close at 6,816.95, it’s lowest since Sept. 1, 2021 when it ended at 6,785.94. The Services sector led the drop...
The local stock market will continue to be influenced this week by the ongoing invasion of Ukraine as well as its impact on inflation and, consequently, interest rates. “The Russia - Ukraine war and its impact on the global economy, primarily on oil prices, is still expected to weigh on...
Share prices of local nickel mining companies have been rising as the industry is riding high on the surge of ore prices in the global market due to strong demand coupled with supply disruptions. Demand for nickel has been rising as the global economy recovers as it is an ingredient for making...
Who should take the heat from the apparent non-usage of some P4.9 billion worth of financial aid that Congress had set aside last year for the Covid-19 pandemic-stricken tourism sector? Photo from LRay Villafuerte’s Facebook page) That's essentially what former deputy speaker, Camarines Sur 2nd...
The local stock market rose with its regional peers as oil prices eased. The main index jumped 134.92 points or 1.93 percent to close at 7,124.80 as Conglomerates led the advance while the Mining and Oil dropped along with commodity prices. Volume was lower though at 3.35 billion shares worth P7.59...
