Currently on a five-week winning streak, the local stock market will be looking to large-cap earnings reports to see if the 7,000 resistance level will be breached this week. “The local market is already running on a 5-week winning streak with a total gain of 6.30 percent. Chartwise, the market...
The PSEi surged to 6,990 in the morning session on upbeat sentiment but the rally lost steam as investors cashed out for the weekend. The main index still managed to add 10.06 points or 0.15 percent to close at 6,913.21 led by the Industrial sector although Conglomerates and Mining firms retreated....
Finance Secretary Ralph G. Recto expressed his gratitude to the Philippine Stock Exchange (PSE) for its support and trust in his appointment. At a recent event hosted by the PSE to celebrate the new finance chief's appointment, Recto shared that this support “means a lot” for him as he...
The local stock market inched up to the 6,900 level although some investors have started profit-taking. The main index added 5.79 points or 0.08 percent to close at 6,903.15 with sectoral indices equally divided. Volume was stable at 529 million shares worth P4.92 billion as gainers outnumbered...
The Philippine Stock Exchange Index (PSEi) rose on the back of strong corporate earnings as well as hopes that the Bangko Sentral ng Pilipinas (BSP) will cut rates soon. The main index moved up 42.70 points or 0.62 points to close at 6,897.36 as the Property counter led with a strong recovery while...
The local stock market rebounded after two days of profit taking on renewed rate cut hopes. The main index rose by 56.05 points or 0.82 percent to close at 6,854.66 as the Services sector led the advance although the Industrial and Mining counters continued to retreat. Volume improved to 520...
The local stock market fell as investors continued to take profits made during the recent rally. The main index lost 74.62 points or 1.09 percent close at 6,798.61 as the Property counter led all sectors in the retreat. Volume was thin at 637 million shares worth P4.22 billion as losers whalloped...
While there is already some selling pressure, the local stock market is seen to retest the 7,000 resistance level this week as sentiment remains bullish on the back of good economic numbers. Philstocks Financial Research Manager Japhet Tantiangco said, “the local market remained bullishly...
The local stock market closed slightly lower as some investors locked in gains made during the week. The main index shed 8.92 points or 0.13 percent to close at 6,873.23 with sectoral indices evenly divided. Volume was low at 1.48 billion shares worth P4.58 billion as gainers edged out losers 85 to...
The Philippine Stock Exchange (PSE) announced that it will open Volume Weighted Average Price (VWAP) trading on March 1, 2024 after receiving the green light from the Securities and Exchange Commission (SEC). A VWAP trade is a pre-arranged transaction executed at the volume weighted average price...
The local stock market moved up on the back of higher US equities while investors were optimistic about the result of the central bank’s Monetary Board policy meeting. The PSEi added 27.62 points or 0.40 percent to close at 6,882.15 as Industrials led the advance while the Property sector was the...
The local stock market ended slightly higher despite a weak start as investors wait for results of the Bangko Sentral ng Pilipinas (BSP) policy meeting. The main index added 26.61 points or 0.39 percent to close at 6,854.53 with the Industrial sector posting the highest gain while the...
