PH shares continue to fall amid rate cut uncertainty The local stock market inched lower for a full week of decline as investors opted to sit out the long weekend amid uncertainty over future rate cuts. The main index shed 7.13 points or 0.11 percent to close at 6,383.70 with the Mining and...
The local stock market started the weak soft, falling on profit-taking and concern over the US jobs report. The main index lost 60.12 percent or 0.92 percent to close at 6,458.64 with the Mining and Oil sector leading the decline across the board. Volume fell to 282 million shares worth P3 billion...
The local stock market was up by only a few points as investors wait for more catalysts. The main index added 8.90 points or 0.14 percent to close at 6,518.76 led by Banks while Conglomerates were in the red. Volume was higher at 579 million shares worth P5.05 billion aa losers edged out gainers 90...
The local stock market resumed its downward trend as investors remained jittery over high inflation and the weaker peso. The peso continued to decline further, closing at P58.71 to a US dollar on Tuesday, June 4, 2024 from P58.68 on June 3. The weighted average rate was at P58.681 from...
The Philippine Stock Exchange index (PSEi) started the week stronger as investors continued bargain hunting after last week’s plunge. The main index added 37.64 points or 0.59 percent to close at 6,470.74 on the strength of Banks although sectoral indices were evenly split. Volume increased to...
The PSEi bounced from its major support level of 6,400 after bargain hunters started picking up battered stocks. The main index rose by 61.35 points to 0.96 percent to close at 6,433.10 as the Services counter surged although Banks and Conglomerates continued to fall. Volume jumped to 1.22 billion...
The PSEi (Philippine Stock Exchange index) continued to fall as investor sentiment was further weighed down by concern that high interest rates will prevent the local economy from hitting growth targets. The main index plunged 89.93 points or 1.38 percent to close at 6,411.41 led by the losses of...
The local stock market continued to decline as foreign investors sell out amid on belief that US rate cuts will be delayed. The main index dropped 48.29 points or 0.73 percent to close at 6,571.60 as the Mining and Oil sector led the retreat while the Industrial counter bucked the trend. A...
The local stock market ended the week lower as sentiment was dragged down by the steep drop in US bourses. The main index lost 40.1 points or 0.60 percent to close at 6,619.89 led by the drop of the Property sector while Services managed to advance. Volume shrank to 557 million shares worth P4.47...
Peso continues to weigh on stocks The local stock market dropped further as investors wait for fresh economic data while sentiment is dampened by the continued weakness of the Philippine peso. The main index shed 26.44 points or 0.40 percent to close at 6,607.22 as Banks led the decline while...
The local stock market rose as sentiment was boosted by gains in US bourses last Friday. The main index rose 64.09 percent or 0.97 percent to close at 6,682.78 as the Mining counter surged to lead the advance across the board. A total of 513 million shares worth P5.8 billion changed hands as...
The local stock market dropped as investors exercised caution ahead of the Bangko Sentral ng Pilipinas meeting in Thursday. The main index lost 49.73 points or 0.75 percent to close at 6,558.63 as Conglomerates led the retreat with only the Industrial sector advancing. Volume improved to 464...
