The local stock market rose further after the US Fed assured that it will not be aggressive in raising rates as many fear. PSE The main index rose 66.19 points or 0.97 percent to close at 6,868.92 as the Mining and Oil counter surged and led gains across the board. However, volume dipped to 1...
The local stock market bounced as investors pick up stocks that have suffered losses in past sessions. The main index jumped 81.65 points or 1.22 percent to close at 6,892.73 as the Property sector led the advance although Mining and Oil and Holdjng Firms remained in the red. Volume picked up with...
The PSEi started the month lower after cautious investors quickly sold down stocks after early gains. The main index shed 10.17 points or 0.15 percent to close at 6,721.08 points as Banks led the decline while the Industrial sector was the only one that managed to advance. Volume fell to 795...
The market is seen to take cues from more first quarter earnings reports although investors remain jittery and may trade with a downward bias. “For next week, the market may still move with a downward bias as it contends with a lot of headwinds both onshore and offshore,” said Philstocks...
The local stock market fell on the last trading day of the month over concern on the detection of the new Omicron variant in the country. The PSEi dove by 178.20 points or 2.58 percent to close at 6,731.25 as the Property counter led the retreat of all sectors. Volume rose yo 840 million shares...
The local stock market bounced after suffering losses in past sessions on the back of some bargain hunting. The main index recovered 45.54 points or 0.66 percent to close at 6,909.45 as the Mining and Oil and Financials counters led the advance of all sectors. Volume declined to 8.5 billion shares...
The Philippine Stock Exchange, Inc. (PSE) posted a 40 percent jump in net income to a record P919.48 million last year from the P656.81 million earned in 2020, surpassing the previous high of P867.55 million set in 2014. In a disclosure, the bourse said it also registered a 25.3 percent...
Local share prices fell on continuing concerns over China’s economy and risks posed by Russia’s invasion of Ukraine. The main index dropped 116.11 points or 1.66 percent to close at 6,863.91 as the Mining and Oil counter led all sectors in the retreat. Volume jumped to 816 million shares worth...
The local stock market dropped after another major oil price hike as well as concern over the impact of the Covid surge in China. The main index lost 40.81 points or 0.58 percent to close at 6,890.02 as Holding Firms led the retreat although the Industrial and Property sectors advanced. Volume...
The PSEi managed to end higher after trading weaker earlier in the day as bargain hunters stepped in before the bourse closed. The main index rose 22.24 points or 0.32 percent to close at 7,020.83 although only the Holding Firms counter advanced while the Mining and Oil sector led decliners. Volume...
This week, the local market will be taking cues from firms that will be releasing their first quarter earnings reports while sentiment will continue to suffer from concerns over rising US interest rates which makes equities less attractive. “Next week, the local market is expected to continue...
The local stock market ended just below the 7,000 mark as wary investors cashed out ahead of the weekend. The main index dropped 62.90 points or 0.89 percent to close at 6,998.59 as the Industrial and Property sectors led all sectors down. Volume thinned to 450 million shares worth P4.82 billion as...
