The local stock market declined as investors continue pocketing gains following the previous day’s spike. The main index dropped 46.68 points or 0.64 percent to close at 7,258.11 with all sectors retreating. Volume dipped to 41.52 billion shares worth P9.74 billion as losers beat gainers 144 to...
The local stock market is seen to be vulnerable to profit-taking this week as investors weigh risks posed by the new coronavirus strain against optimism over a US stimulus package as well as the roll-out of vaccines overseas. “Next week, the market could trade sideways with a downward bias. We...
Local share prices rose after backtracking for two days as investors started picking up cheaper stocks. PSE file photo (Photo credit: https://www.pse.com.ph) The PSEi regained 71.76 points or 1.92 percent to close at 7.119.61 as sub-indices were green across the board. Volume declined to 46.43...
The Securities and Exchange Commission (SEC) has green-lighted the country’s first crowdfunding platform that will connect small, medium and emerging enterprises with banks and other lenders. A joint venture between Filinvest Development Corporation and Investree Singapore Pte. Ltd., Investree...
Local share prices weakened further as investors worry over the new strain of the coronavirus that is causing a spike in COVID-19 cases. The main index dropped 86.33 points or 1.21 percent to close at 7,047.85 as all sectors lost ground. Volume remained high at 22.68 billion shares worth P11.91...
Philippine share prices retreated after US markets opened the year in the red on concerns over COVID-19 and the run-off elections in Georgia. The main index lost 63.32 points or 0.88 percent to close at 7,134.18 with only the Industrial counter holding its ground. Volume increased to 30.76 billion...
Stock market investors started the new year with optimism, pushing the main index up on the first trading day of 2021. Photo credit: (https://www.pse.com.ph/) The PSEi rose 57.79 points or 0.81 percent to close at 7,197.50 with only the Financials sector retreating. A hefty 21.55 billion shares...
The local stock market is seen to have muted trading this week as most investors, both domestic and foreign, are already on holiday break. “The last two trading clays of the week, owing to funds having gone off to take the long holiday break, are expected to be quiet,” said online brokerage...
Local share prices continued to weaken due to concern over the rising number of cases of a new strain of COVID in the UK. (Photo credit: https://www.pse.com.ph) The main index shed 22.50 points or 0.31 percent to close at 7,202.39 with only the Property index rising. Volume was higher at 22.72...
The Securities and Exchange Commission (SEC) is giving real estate companies more time to assess implementation issues amid the COVID-19 pandemic by further deferring the application of certain accounting rules until 2023. The Commission said it decided to defer the application of Philippine...
The PSEi surged to just a hair shy of the 7,300 level after government reported higher remittances from overseas Filipinos. (Photo credit: https://www.pse.com.ph) The main index jumped 71.97 points or 1.00 percent to close at 7,299.70 although the Services sector was in the red. Volume was slightly...
The local stock market continued to rise as investor sentiment remains buoyant. Photo credit: (https://www.pse.com.ph/) The main index gained 35.19 points or 0.49 percent to close at 7,281.35 with only the Property counter retreating. Volume was slightly lower at 46.02 billion shares worth P8.93...
