The PSEi dipped only slightly despite a credit rating downgrade for the US by Moody’s. The main index shed 10.69 points or 0.17 percent to close at 6,454.84 with sectoral indices evenly mixed. Volume was firm at 755 million shares worth P6.19 billion as losers outnumbered gainers 109 to 86 with...
With the Philippine stock market on a six-week winning streak, investors will decide if gains can be sustained by taking cues from the release of the country’s balance of payments data, US jobs and home sales reports, as well as recent corporate earnings results. “The local market is already on...
The PSEi managed to close almost flat despite weaker economic data released both in the US and in the Philippines. The main index shed 1.33 points or 0.02 percent to close at 6,465.53 with sectoral indices evenly divided. Volume was relatively stable at 730 million shares worth P6.59 billion as...
The local stock rallied after the early release of results of a peaceful mid-term elections and a pause on the US-China trade war. The main index jumped by 108.62 points or 1.68 percent to close at 6,566.82 as the Services sector lead the charge while Miners lagged behind as gold prices dropped....
Investors in the Philippine stock market will be watching out for news on how the mid-term elections was conducted and how the Marcos administration’s candidates fared while also waiting for the release of remittance numbers. Rizal Commercial Banking Corporation Chief Economist Michael L....
The local stock market ended the week higher as investors cheered to announcement of a trade deal between the US and the UK. The main index jumped 68.71 points or 1.08 percent to close at 6,458.20 as Conglomerates led the advance while Miners declined with weaker gold prices. Volume grew to 738...
The local stock market weakened after first quarter economic growth was slower than the government’s target while the Fed did not cut its policy rates. The main index dropped 75.96 points or 1.17 percent to close at 6,389.49 with Conglomerates leading the retreat across the board. A total of 733...
The local stock market declined as some investors took profits while waiting for fresh leads although this was partly offset by the start of window-dressing before April ends. The main index shed 19.25 points or 0.31 percent to close at 6,249.50, pulled down by the retreat of Banks while...
Stock investors are seen to remain cautious, despite last week’s strong performance, and will continue to watch for developments related to US trade and tariff negotiations although the start of the first quarter earnings season may inject some life into the local mark” “The local market rose...
The Philippine Stock Exchange index (PSEi) edged higher, buoyed by gains in US markets, a strengthening peso, and positive corporate earnings. The benchmark index climbed by 22.89 points or 0.37 percent to finish at 6,168.48 on Wednesday, April 23, although sectoral indices showed a mixed...
The PSEi dropped on profit-taking as investors held on to cash ahead of the Lenten break. The main index fell by 57.50 points or 0.93 percent to close at 6,128.60 as the Services counter led the retreat while only Miners managed to advance. Volume remained thin at 951 million shares worth P4.21...
The PSEi continued to advance as investors are encouraged by hopes of a rate cut and the possibility of a deal for better tariff rates with the US. The main index added 40.58 points or 0.66 percent to close at 6,186.10 as Industrials led the charge with only Miners slightly down. Volume...
