The local stock market slightly dipped as investors pursue profit-taking measures influenced by stateside trading pauses for the holidays. The PSEi declined by 6.98 points or 0.11 percent closing at 6,246.20 with majority of sectoral indices in red. Volume of shares traded totaled 453...
The local stock market continues to rise as investors observe an upward momentum in the country's economic growth forecasts. The PSEi rose by 44.35 points or 0.71 percent closing at 6,253.18 with all sectoral indices acquiring gains led by the Mining and Oil, and Industrial sectors. ...
The local stock market recovered from a dip in the previous day as investors take cues from positive economic data stateside. The main index increased by 25.20 points or 0.41 percent closing at 6,208.83 with the Property, Mining and Oil, and Holding Firms sector indices seeing losses. ...
Despite the market's rise last week, investors are advised to stay cautious as underwhelming trading participation and value turnover continue to test the local market's potential to sustain its rally this week. Philstocks Financial Research Manager Japhet Tantiangco noted, "the local market...
The local stock market ended the week in a positive three-day rally as investors' worries eased on lower inflation projections from the central bank for the coming years. The main index rose by 20.41 percent or 0.33 percent closing at 6,211.89 with Industrial and Holding Firms sectors gaining...
The local stock market continued to recover as the steadying of interest rates from the Bangko Sentral ng Pilipinas (BSP) relieved investors. On Thursday, the BSP decided to keep its policy rate unchanged at 6.5 percent. The main index climbed by 20.35 points or 0.33 percent closing at...
Following three consecutive days of decline, the local stock market bounced back as investors welcomed the low US October inflation rate announced on Nov. 14. The main index recovered by 60.25 points or 0.99 percent closing at 6,171.13 with sectoral indices in green minus the Industrial sector with...
The Philippine Stock Exchange (PSE) reported a 19.9 percent growth in net income to P575.65 million in the first nine months of 2023 from the P480.07 million it generated in the same period last year, on account of higher investment income. In an investors’ briefing, PSE Executive Vic President...
The local stock market dipped as continued slow bank lending in September drags investor sentiments. The main index edged down by 5.26 points or 0.09 percent closing at 6,110.88 with only the Holding Firms and Property indices reporting gains by 0.37 and 0.58 percent respectively. Volume of...
The local stock market fell at the start of the week as investors brace for the announcement of the US October inflation report scheduled on Tuesday, Nov. 14. The main index fell by 45.75 points or 0.74 percent closing at 6,116.14 with all sectoral indices incurring losses. Total volume of...
The Philippine Stock Exchange (PSE) announced that it will be hosting its first third quarter Investor Day with nine publicly-listed companies (PLCs) planning to share their respective performances for the period. In a statement, the bourse said the latest batch of listed firms will join the last...
Market participants are on edge as US inflation data and local policy rate announcements for this week are expected to determine the trajectory of the local stock market. According to China Bank Capital Corp. Managing Director Juan Paolo Colet, “after last week’s strong rebound fueled by...
