Government borrowing declined in August with fewer loans borrowed from local lenders, data from the Bureau of the Treasury showed. According to the Bureau of the Treasury, government borrowing in August amounted to P124.06 billion, lower by 7 percent than the P133.34 billion recorded in the same...
The local stock market ended the week down as investors are wary of climbing inflation rates in the US. The main index dropped by 76.26 points or 1.23 percent closing at 6,142.90 with all sectoral indices in red, and the Mining and Oil sector severely plummeting by 655.58 points or 6.05...
The Philippine Stock Exchange Inc. (PSE) announced that it will formally launch its short selling program on Nov. 6 after it was setback from the original Oct. 23 launch date. The PSE defines short selling as "any sale of a security that will be settled by the delivery of borrowed securities, which...
The local stock market sank further as investors brace for higher US treasury yields. The main index dipped by 49.11 points or 0.78 percent closing at 6,219.16 with all sectoral indices in red except for the Property sector. Total volume of shares traded amounted to 575 million valued at P4.2...
The local stock market declined as oil prices rendered unstable by the Israel-Hamas conflict continues to worry investors. The PSEi slid by 12.63 points or 0.20 percent closing at 6,268.27 with only the Industrial and Financial sector indices seeing gains. Total volume of shares traded amounted to...
Stocks shot up after plunging the previous day as investors approve of the sustained growth of Overseas Filipinos' remittances. The main index rose to 82.07 points or 1.32 percent closing at 6,280.90 as all sectoral indices except for the Mining and Oil sector seeing...
The local stock market plunged at the start of the week as the intensifying unrest in the Middle East worries investors. The main index was down by 67.51 points or 1.08 percent closing at 6,198.83, with all sectoral indices except for Mining and Oil seeing losses, notably the Holding Firms and...
The local stock market is expected to draw uneven results and mixed investor sentiments throughout the week, depending on the results of global and local economic data and developments on the Israel-Hamas war. Philstocks Financial Research Manager Japhet Tantiangco said that “while there are...
The local stock market remained positive despite negative outcomes from the international markets. The main index increased by 3.28 points or 0.05 percent closing at 6,266.34, with the Holding Firms and Industrial sector indices taking hits. The total volume of shares traded amounted to one billion...
The local stock market rose slightly as investors anticipate data on the United States’ inflation rate. The main index saw a marginal increase by 9.10 points or 0.15 percent closing at 6,263.06 with only the Property and Holding Firms sector indices seeing gains. Total volume of...
The local stock market declined as investors mull over potential rate hikes from the central bank. The main index dipped by 10.11 points or 0.16 percent closing at 6,253.96, with a majority of sectoral indices incurring losses, led by the Mining and Oil sector which was down by 90.25 points or 0.81...
HONG KONG, China -- Asia extended a global markets rally Wednesday on a growing belief the Federal Reserve is finished with its interest rate hiking cycle, while optimism was also boosted by a report that China is considering a large burst of economic stimulus. While uncertainty caused by the...
