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...
The local stock market rose as investors welcome the positive report of the nation’s third quarter economic growth. The main index went up by 33.19 points or 0.54 percent closing at 6,188.22 with only All Shares, Holding Firms, and Property sectors in green. Volume of shares traded amounted to...
The local stock market weakened as investors take precautions amid the mounting attacks in Israel and Palestine. The PSEi declined by 7.79 points or 0.12 percent closing at 6,252.16 as the Holding Firms and Financials indices saw losses by 0.25 and 0.86 percent, respectively. Total volume of shares...
The local stock market continued its third day rally this week as favorable labor and trade data encourages net-buying from investors. The main index climbed by 23.71 points or 0.39 percent closing at 6,155, but three sectoral indices namely Holding Firms, Services, and Mining and Oil...
The local stock market opened the week strong as investors take positive cues from local and global economic data. The main index rose by 88.76 points or 1.48 percent closing at 6,078.03 with all sectoral indices except for the Industrial sector seeing gains. Volume of shares traded...
The outcome of the local market next week is expected to heavily hinge on the announcement of the October inflation rate, with investors bracing for the impact of the key local economic data on Tuesday, Nov. 7. China Bank Capital Corp. Managing Director Juan Paolo Colet said that “investors...
Following a positive trading day on Tuesday, the local stock market ended the week on a high note as the US Federal Reserve’s decision to retain the five percent rate of the US Treasury yield relieves investors. The main index grew by 15.49 points or 0.26 percent closing at 5,989.27 with all...
