Local share prices fell as investors preferred to hold on to cash over the long weekend. The main index lost 71.08 points or 1.13 percent to close at 6,234.77 as Banks led all sectors in the retreat. Volume eased to 270 million shares worth P3.67 billion as gainers edged out losers 83 to 82 with 49...
The PSEi was able to recover most of the day’s loss to end almost flat amid some profit-taking as investors wait for fresh cues. The main index shed 3.1 points or 0.05 percent to close at 6,305.85 as Banks led the decline while Conglomerates and Services advanced. Volume improved to 345...
The local stock market ended up after early profit-taking following the release of lower-than-expected inflation figures for November. The main index rose by 24.58 points or 0.39 percent to close at 6,308.95 even though sectoral indices were evenly split. Volume was still low at 622 million...
Philippine shares rose ahead of the release of economic data here and overseas including the November inflation number. The main index added 39.19 points or 0.63 percent to close at 6,284.37 with the advance led by the surge in Mining and Oil stocks. Volume remained weak though at 446 million...
The local stock market will be waiting for November’s inflation figure this week, hoping that a lower number will spur a rise in share prices. “This week, investors are expected to take cues from our upcoming economic data, primarily from our November inflation print which would give clues on...
Diversified conglomerate San Miguel Corporation (SMC) has raised P34 billion from the sale of firm offer preferred shares and over-subscription option shares during its follow-on offering (FOO). The Philippine Stock Exchange said SMC formally listed its Series 2-L, 2-N and 2-O preferred shares...
The PSEi was up today, Dec. 1, following gains made by US bourses amid hopes that interest rates will not be raised. The main index added 21.45 points or 0.34 percent to close at 6,245.18 as the Property counter led the advance while Banks and Miners lagged behind. Volume declined to 1.68...
The local stock market continued to decline as investors adjust their holdings to the new MSCI index composition. The main index dropped 41.41 points or 0.66 percent to close at 6,223.73 with Conglomerates leading the retreat although Banks and Property stocks managed to advance. Volume...
The local stock market opened the shorter trading week on a positive note as month’s end window dressing started while oil prices weakened. The main index rose by 40.07 points or 0.64 percent to close at 6,309.57 as the Property sector surged to lead the advance while the Industrial and...
Investors and traders can expect mounting speculation of market conditions in 2024 as the local market attempts a rally heading into the last month of 2023. Online brokerage firm 2TradeAsia.com noted that "all eyes are now on drivers for 2024, and whether or not broader market forces will follow...
The local stock market jumped from yesterday's slump as the temporary ceasefire between Israel and Hamas garnered investor optimism. The main index increased by 23.30 points or 0.37 percent, closing at 6,269.50 with four other sectoral indices ending in green. Total volume of shares...
The Securities and Exchange Commission (SEC) has allowed the Philippine Stock Exchange Inc. (PSE) to negotiate its planned acquisition of additional shares in Philippine Dealing System Holdings Corporation (PDS Group) despite ownership limits. This developed as the Commission En Banc has...
