Despite the decline in US stocks, the local bourse rose further on bargain hunting amid rosy first quarter earnings reports. The main index added 53.87 points or 0.82 percent to close at 6,628.75 led by the strong jump of the Industrial sector while the Services counter was slightly lower. Volume...
NEW YORK (AP) — Worries about a potentially toxic cocktail combining stubbornly high inflation with a flagging economy dragged U.S. stocks lower on Thursday. A sharp drop for Facebook's parent company, one of Wall Street's most influential stocks, also hurt the market. The S&P 500 fell...
The benchmark PSEi was almost unchanged after bargain hunters took a break while waiting for cues from economic data and more first quarter earnings reports. The main index inched up 2.13 points or 0.03 percent to close at 6,574.88 led by gains of the Mining sector while the Property and Services...
TOKYO — Asian shares mostly declined Thursday as investors awaited a flood of global earnings reports, including updates from U.S. tech companies known as the "Magnificent Seven." Japan's benchmark Nikkei 225 slid 1.4% in morning trading to 37,931.81. South Korea's Kospi dropped nearly...
The local stock market rose further as investors continued bargain hunting following gains in US bourses. The main index jumped 65.95 points or 1.01 percent to close at 6,572.75 as Conglomerates led the charge although Banks lagged behind. Volume was higher at 1.13 billion shares worth P6.07...
NEW YORK — U.S. stocks rallied for a second straight day Tuesday to blunt the blow of what's been a rough April. The S&P 500 climbed 1.2% and pulled further out of the hole created by a six-day losing streak. The Dow Jones Industrial Average rose 263 points, or 0.7%, and the Nasdaq...
The local stock market rose as it appears that the conflict between Israel and Iran has been doused, causing oil prices to drop. The main index added 62.72 points or 0.97 percent to close at 6,506.80 with the Industrial counter leading the advance across the board. Volume firmed up to 554 million...
The local stock market was flat as investors preferred to wait for cues instead before engaging in bargain hunting. The main index added just 1.08 points or 0.02 percent to close at 6,444.08 as sectoral indices were equally split. Volume fell to 564 million shares worth P3.63 billion as gainers...
The Philippine Stock Exchange (PSE) is preparing to renegotiate its planned buyout of its fellow shareholders in Philippine Dealing System Holdings Corporation (PDS Group) after securing the approval of the Securities and Exchange Commission late last year. In an interview, PSE President and CEO...
The local stock market gave up the previous day’s gains and fell again on news that Israel has struck back at Iran, further escalating the situation in the Middle East. The main index lost 80.19 points or 1.23 percent to close at 6,443.00 with the Property sector losing the most while Miners...
The conflict in the Middle East is seen to continue to weigh on the local stock market which is now near its 6,400 support level and showing bearish technical indications. “With last week’s drop, the market is now at even more attractive levels. Hence, episodes of bargain hunting could be seen...
GCash, the Philippines’ top finance app and largest cashless ecosystem, reported that it now has nearly half a million users for GStocks PH as it ramps up the reach of its stock investment platform. Last year, GCash had tapped AB Capital Securities, Inc. (ABCSI) to introduce GStocks PH to its...
