The local stock market rallied past the 6,800 level on some foreign buying. The main index jumped 112.80 points or 1.67 percent to close at 6,850.64 with Banks leading the charge. Volume rose to 967 million shares worth P8.89 billion as gainers beat losers 111 to 91 with 35 unchanged. 92486...
The local stock market continued to rally on growing optimism that inflation may soon ease. The main index rose 38.18 points or 0.57 percent to close at 6,737.84 as Conglomerates led the advance although the Services and Industrial counters lagged behind. Volume dipped to 1 billion shares P5.49...
This week, investors will see if the local stock market is strong enough to reach for the 7,000 or succumb to profit-taking pressures as the earnings season winds to a close. “Last week’s run shows that there is positive momentum building in the local market. For next week however, the local...
The Philippine Stock Exchange is hoping to help companies raise up to P200 billion in fresh capital this year as it expects a record number of initial public offerings this year. In a press briefing after the bourse’s annual stockholders’ meeting, PSE President Ramon S. Monzon said they have so...
The local stock market may cautiously try to move further up this week on the back of good corporate earnings reports and after breaching its resistance level but investors will also get cues from the release of GDP and employment figures. “Last week, the local market was able to get past its...
The local stock market fell after the government announced a higher-than-expected rise in the consumer price index. The main index lost 77.61 points or 1.2 percent to close at 6,405.50 with the Property sector leading the decline across the board. Volume jumped to 712 million shares worth P12.71...
The local stock market rose for the third day as corporate earnings continue to buoy investor sentiment. The PSEi added 53.03 points or 0.82 percent to close at 6,483.11 as the Services sector led the rally across the board. Volume was relatively stable at 591 million shares worth P5.84 billion as...
The local stock market kicked off August by managing to end flat after recovering from a drop earlier in the day. The main index was lower by just 3.90 points or 0.06 percent to close at 6,312.03 although sectoral indices were evenly mixed. A total of 434 million shares worth P5.16 billion changed...
This week, the local stock market will be waiting for the June inflation rate announcement and some large cap corporate earnings results, although volume may be affected with the start of the Chinese Ghost Month. “The local market is expected to move sideways as investors wait for catalysts. In...
Semirara Mining and Power Corporation (SCC) is returning to the 30-company PSE index (PSEi), replacing Security Bank Corporation (SECB), effective Monday, August 8, 2022. In a statement, the Philippine Stock Exchange said Semirara was qualified to be a member of the PSEi based on the results of the...
The PSEi dropped in the last trading day of the month as investors took profit from the previous day’s spike in prices. The main index lost 63.33 points or 0.99 percent to close at 6,315.93 as Conglomerates led the retreat although the Banks and Services counters continued to advance....
The local stock market rallied on news that the US Federal Reserve may no longer need to raise rates as aggressively in the near term. The PSEi shot up by 142.50 points or 2.29 percent to close at 6,379.26 as Banks and Conglomerates led the charge. Volume improved but remained thin at 567 million...
