The local stock market declined as investors pocket gains while waiting for more news. The main index lost 38.70 points or 0.61 percent to close at 6,349.94 with sectoral indices evenly mixed. Volume improved slightly but remained thin at 955 million shares worth P4.19 billion as losers beat...
While the local stock market is seen to be buoyed by prospects of a big drop in pump prices this week, sentiment may continue to be dampened by the weak peso. “The local market rode on positive momentum last week but the sustainability of this rally is questionable amid the lingering economic...
The local stock market ended slightly higher a strong start as investors were quick to pocket gains made on the back of prospects of lower pump prices next week. The main index inched up 9.50 points or 0.15 percent to close at 6,361.82 as the Industrial sector led the advance while Conglomerates...
The local stock market succumbed to profit-taking after its strong bounce that started last week. The main index fell 92.69 points or 1.44 percent to close at 6,352.32 as the Industrial sector led all indices in the retreat. Volume dipped to 708 million shares worth P4.69 billion as losers outpaced...
The local stock market continued to rally as investors cheered falling oil prices in the world market. The main index surged 135.02 points or 2.14 percent to close at 6,445.01 as Conglomerates led the advance although the Mining and Oil counter retreated. Volume improved to 915 million shares worth...
The local stock market jumped after the government announced the June inflation rate. The main index rose 126.37 points or 2.04 percent to close at 6,309.99 as the Property sector led the advance across the board. However, volume stayed thin at 509 million shares worth P3.98 billion as gainers beat...
The Philippine Stock Exchange index (PSEi) posted a modest gain amid thin trades due to selective bargain hunting in heavyweight stocks. The main index added 18.27 points or 0.30 percent to close at 6,183.62 although sectoral indices were evenly mixed with gains posted mostly by Banks. Volume...
Stock market to see some bargain-hunting By JAMES A. LOYOLA While stock analysts pointed out that the market is ripe for cherry-picking, investor sentiment continued to be weighed down by worries about rising inflation and interest rates. “The market has already declined for four consecutive...
President Ferdinand Marcos Jr. will be inheriting from former President Rodrigo Duterte a capital market that is currently reeling from the impact of a combination of rising inflation and interest rates, and risks of a global recession and food shortage. Data from the Securities and Exchange...
Cherry-picking allowed the PSEi to end slightly higher on the first trading day of the second semester. The main index inched up 9.92 points or 0.16 percent to close at 6,165.35 as the Mining and Oil sector led the advance although the Industrial counter dropped. Volume fell to 508 million shares...
The Philippine Stock Exchange is looking forward to a record number of initial public offerings in 2022 after chalking up eight maiden offerings in the first six months of the year. In a statement, the bourse said the eight IPOs in the first semester already matches the same number of offerings for...
The Philippine Stock Exchange index (PSEi) plunged despite some end-of-semester window-dressing as investors worry over rising inflation and interest rates. The main index fell 147.76 points or 2.34 percent to close at 6,155.43 with the Services sector leading the decline although the Industrial...
