The local stock market fell below the 6,500 level on renewed concerns that the US Federal Reserve may hold back on interest rate cuts. The main index lost 48.66 points, or 0.74 percent, to close at 6,496.72, with Conglomerates leading the decline while Miners managed to rally. Volume inched up to...
The local stock market dropped after the government reported an uptick in the inflation rate last month. The main index fell 79.79 points, or 1.20 percent, to close at 6,545.38. The Services sector led the retreat, with only Mining and Oil in the green. Volume was higher but still thin at 1.51...
The local stock market started the week on the positive side, with the PSEi sustaining the advance made in the first two trading days of the year. The main index added 21.36 points or 0.32 percent to close at 6,625.17 although only Banks and Services were up while most sectors were lower. Volume...
The local stock market rose further after a positive Philippine manufacturing index spurred more bargain hunting. The main index added 53.42 points or 0.82 percent to close at 6,603.81 as Banks led the advance across the board. Volume was still low at 2.77 billion shares worth P3.78 billion as...
The local financial markets sent mixed signals to investors as the new year began, with the Philippine Stock Exchange index (PSEi) climbing slightly higher while the peso slipped against the US dollar, setting the stage for a potentially volatile 2025. The peso began the year with a slight...
(File photo) Nine fire incidents were recorded by the Bureau of Fire Protection (BFP) in the National Capital Region (NCR) on the very first day of 2025, an official disclosed. BFP spokesperson Fire Senior Supt. Annalee Carbajal-Atienza said one was already confirmed while details on eight other...
The Philippines is expected to sustain robust economic expansion in 2025 amid expectations of slower price hikes and lower interest rates boosting consumer spending, according to the think tank Capital Economics. "Strong consumption should ensure another year of solid growth in 2025," Capital...
Entering the new trading year 2025, stock market investors are faced with a lot of uncertainties as both risks and positive factors mingle to present a hazy picture in analysts’ crystal balls. For Chinabank Capital Corporation Managing Director Juan Paolo Colet, “Next year [2025] presents a...
For the local capital market, 2024 was a year of unmet expectations as global economic and geopolitical tensions took bourses worldwide, including the Philippines, on a roller-coaster ride. The year began with optimism. The Philippine Stock Exchange was projected to end the year at the 7,000 to...
The local stock market dipped on the last trading day of the year as index heavyweights continued to drag down the PSEi even though more stocks were up. The main index shed 10.23 points or 0.16 percent to close 2024 at 6,528.79 as Banks suffered the biggest loss while Mining stocks surged. Volume...
The Philippine Stock Exchange, Inc. (PSE) is set to reshape the country's capital markets with its acquisition of a controlling stake in the Philippine Dealing System Holdings Corporation (PDS). In a statement on Thursday, Dec. 26, the PSE announced that it had signed agreements to acquire a 61.92...
The Philippine Stock Exchange Index (PSEi) managed to eke out a gain despite some index heavyweights weakening and offsetting the broader market's gains. The main index added 4.11 points, or 0.06 percent, to close at 6,539.02, with the Property sector leading the advance while the Conglomerates and...
