The Philippine Stock Exchange index (PSEi) ended a bit higher on Tuesday, Dec. 2, after listless trading during the day as investors remained cautious ahead of the release of inflation figures for November. The main index inched up by 5.11 points, or 0.09 percent, to close at 5,994.4, mainly due to...
The Philippine Stock Exchange Index (PSEi) corrected on Monday, Dec. 1, with investors booking gains after the country’s manufacturing index fell. The main index dropped 32.95 points, or 0.55 percent, to close at 5,989.29. Conglomerates led the retreat, even as the Services and Mining sectors...
Investors in the local stock market hope that share prices will sustain last week’s gains as the government is set to announce the November inflation rate this week, which could support a rate cut by the Bangko Sentral ng Pilipinas (BSP). “Whilst hard fought, positive sentiment still took over...
The Philippine Stock Exchange index (PSEi) on Friday, Nov. 28, more than recovered the previous day’s losses as the market took confidence from global debt watcher S&P’s affirmation of the country’s investment-grade credit rating. The main index rose by 53.11 points, or 0.89 percent, to close...
Philippine stocks failed to hold the key 6,000-level on Thursday, Nov/ 27, as investors immediately took profit from the previous session’s advance, pulling the main index lower. The Philippine Stock Exchange Index (PSEi) dropped 35.57 points, or 0.59 percent, to close at 5,969.13. Banks led the...
GCash reported robust uptake for recent stock offerings made available to small investors via its GStocks PH platform, citing oversubscriptions for both the Maynilad Water Services Inc. initial public offering (IPO) and the preferred share sale of Megawide Corp. “Filipinos are increasingly...
The Philippine Stock Exchange Index (PSEi) resumed its upward climb on Wednesday, Nov. 26, after a brief pause yesterday, boosted by a firmer peso and the government’s announcement of a budget surplus. The main index gained 28.53 points, or 0.48 percent, to close at 6,004.70. Property and Banks...
The Philippine Stock Exchange Index (PSEi) fell, as investors locked in gains from the recent rally following a cut to economic growth forecasts. The main index shed 45.42 points, or 0.75 percent, closing at 5,976.17 on Tuesday, Nov. 25. The Property sector led the retreat, while Miners and Banks...
While some optimism injected life into the local stock market last week, stocks remain undervalued, with no major economic news expected this week to serve as a catalyst to sustain the recovery. “The local market has shown signs of life last week, bouncing strongly on the back of positive...
The Philippine Stock Exchange index (PSEi) rose further on Friday, Nov. 21, after investors reacted positively to the government’s announcement of a balance of payments (BOP) surplus. The benchmark index rose by 66.32 points, or 1.12 percent, to close at 5,997.13. Conglomerates led Friday’s...
The Philippine Stock Exchange index (PSEi) continued to rally on Thursday, Nov. 20, as foreign investors joined the bargain buying following expectations of a rate cut and the exemption of Philippine agricultural exports from higher United States (US) tariffs. The main index soared by 117.1 points,...
The Philippine Stock Exchange index (PSEi) rose on Wednesday, Nov. 19, after a lot of Philippine agricultural products were exempted from United States (US) tariffs while the Bangko Sentral ng Pilipinas (BSP) raised hope for one more rate cut, triggering more bargain buying. The main index jumped...
