After suffering consecutive losses, the local stock market slightly recovered as investors buy cheaper stocks in this week’s remaining two trading days. The main index marginally rose by 11.79 points or 0.20 percent closing at 5,973.78, with the Industrial and Mining and Oil sectors seeing losses...
The local market is expected to draw fewer market participants this week amid the three-day trading break on Oct. 30 for the Barangay and Sangguniang Kabataan Elections (BSKE) 2023, and Undas season on Nov. 1 and 2. According to online brokerage firm 2TradeAsia, the drop in the local stock...
The local stock market saw a second-day slump as corporate earnings reports for the third quarter of the year garner mixed sentiments from investors. The main index dropped by 56.50 points or 0.94 percent closing at 5,961.99 with all sectoral indices suffering losses between 0.20 to 1.30 percent....
The local market retreated after posting gains in the previous day as investors anticipate the Bangko Sentral ng Pilipinas' (BSP) decision to impose an off-cycle rate hike. The main index dropped by 36.01 points or 0.60 percent closing at 6,018.49 with losses seen in all sectoral...
The local stock market slightly recovered from a nearly week-long consecutive low as the release of corporate earnings for the third quarter fuels investor optimism. The main index rose by 14.78 points or 0.25 percent closing at 6,054.50 with the Financials, Industrial, and Holding Firms...
The local market sank further as investors continue to disengage due to negative global outlooks. The main index dropped by 48.72 points or 0.80 percent closing at 6,039.72 with all sectoral indices down for the second consecutive day. Total volume of shares traded was 276 million worth...
The local stock market fell at the start of the week as potential interest rate hikes continue to drag out investors’ sentiments. The main index dropped by 54.46 points or 0.86 percent closing at 6,088.44, with all sectoral indices in red, notably the Mining and Oil and Industrial sectors taking...
The local market is forecasted to remain volatile throughout the week as analysts caution investors and traders on oil price pressures and tightening monetary policy. China Bank Capital Corporation Managing Director Juan Paolo Colet said the “increasing US Treasury yields and the volatile...
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...
