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...
The local stock market saw slight gains as Philippine exports improved in August. The main index increased by 11.91 points or 0.19 percent closing at 6,264.07 with most sectoral indices in the green, led by the Mining and Oil sector with 133.42 points or 1.22 percent. The volume reached 688...
HONG KONG, China -- Equities mostly rose Tuesday after top Federal Reserve officials suggested the recent spike in US Treasury yields could act as a substitute for further interest rate hikes. The big gains came as oil pared the previous day's surge, which had been fuelled by supply worries after...
The local stock market is seen to remain cheap and this may continue to spur investors to bargain-hunt although the recent rise in the inflation rate and worries over the country’s economic growth are seen to limit any rallies. “The local market remains at bargain levels with a price to...
The local stock market bounced back after plunging prior but incurred mixed reactions from investors who anticipated more hopeful outcomes from economic forecasts, and those fearing higher interest rates. The main index rose to 81.35 points or 1.32 percent closing at 6,259.95 as all sectoral...
