The Philippine Stock Exchange Index (PSEi) bounced back as investors picked up bargains on news that COVID-19 cases in the National Capital Region seems to be easing. The PSEi rose 120.13 points or 1.66 percent to close at 7,343.96 led by the Holding Firms and Services sectors with only the Mining...
The local stock market ended lower on the lack of good news even as local COVID cases continue to rise to record levels. The main index dropped 37.51 points or 0.52 percent to close at 7,223.83 as Banks led the retreat although the Mining and Oil counter posted strong gains. Volume was still low at...
Finance Secretary Carlos Dominguez III has cited the initiatives of the Capital Market Development Council (CMDC) to make the Philippine financial system “broad-based and inclusive” as among the lasting legacies of the body under the Duterte administration. In step with President Duterte’s...
The local stock market dipped as investors cashed out for the weekend after the sharp gains made in the last 2 days. The main index shed 17.72 points or 0.24 percent to close at 7,290.03 as sectoral indices were evenly mixed with Banks leading the retreat while the Mining and Oil counter led...
Stocks gains more ground The local stock market continued to rise on belief that the Omicron variant may not derail economic recovery. The main index jumped 92.62 points or 1.28 percent to close at 7,307.75 with the Mining and Oil counter leasing the advance. However, volume dropped to 1.2 billion...
The local stock market jumped on positive news here and abroad. The main index rose 129.44 points or 1.83 percent to close at 7,215.13 as the Property and Mining and Oil counters led gains across the board. Volume was lower though at 854 million shares worth P5.95 billion as gainers swamped losers...
The local stock market pulled back after the previous session’s spike as COVID cases continue to mount. PSEI-NEW-PHOTO-1024x683 The main index dropped 54.98 points or 0.77 percent to close at 7,085.69 as the Mining and Oil counter led the retreat across the board. Volume improved to 878 million...
The country is now under critical-risk case classification as well as Metro Manila and two other regions for the coronavirus disease (COVID-19), the Department of Health (DOH) said Monday night, Jan. 10. Members of the Manila Police District (MPD) Precinct Station 2 remind bargain shoppers along...
Omicron is currently the dominant coronavirus disease (COVID-19) variant in the country, exceeding the deadly Delta variant, the Department of Health (DOH) said Monday night, Jan. 10. Omicron variant of COVID-19 Health Secretary Francisco Duque III said during the President's pre-recorded public...
The local stock market started the week on a positive note on bargain hunting spurred by better jobs data. The main index surged 129.56 points or 1.85 percent to close at 7,140.67 as the Property and Financials sectors led the rally across the board. Volume was still low though at 745 million...
President Duterte has made it easier for foreigners to invest in the Philippine retail sector. (Mark Balmores/ File photo/ MANILA BULLETIN) This, after Duterte signed into law Republic Act (RA) No.11595, which amended RA No. 8762 or the two-decade old Retail Trade Liberalization Act. The full title...
The local stock market fell as investors fret over rising COVID-19 cases and as more areas are put under more stringent quarantine measures. PSEI-NEW-PHOTO-1024x683 The main index dropped 74.41 points or 1.05 percent to close at 7,011.11 as the Property sector led the retreat across the board....
