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...
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...
