The local stock market traded flat as investors wait for cues from the inaugural speech of US President Donald Trump. The main index shed just 2.23 points or 0.04 percent to close at 6,349.89 with sectoral indices equally divided although the Property counter saw a big drop. Volume was thin at 1.54...
A lack of fresh leads is expected to keep the local stock market bearish this week, but bargain hunters may find opportunities as prices reach a seven-month low. “The local market has turned more bearish last week as it extended its decline. At the same time, the market has broken below the 6,400...
Share prices recovered as investors position ahead of the inauguration of US President Donald Trump. The main index jumped 86.60 points to 1.38 percent to close at 6,352.12 as Banks led the advance across the board. But volume declined to 994 million shares worth P4.93 billion as gainers...
The PSEi resumed its downward trek after a small bounce the previous day as late selling wiped out gains made due to US inflation numbers coming within expectations. The main index dropped by 64.94 points or 1.03 percent to close at 6,265.52 as Banks led the retreat with only Miners advancing....
The local stock market bounced with global bourses as the steep drop in the past days presented bargain-hunting opportunities. The main index added 30.79 points or 0.49 percent to close at 6,330.46 with the Property counter leading the advance although sectoral indices were evenly split. Volume was...
The local stock market continued its descent as investors wait for positive catalysts while coming to terms with the prospect of fewer interest rate cuts this year. The main index dropped 43.43 points or 0.68 percent to close at 6,299.67 as Industrials led the decline while Miners and the Property...
The Philippine Stock Exchange index (PSEi) fell to a 6.5-month low on Monday, Jan. 13, dragged down by a strengthening US dollar and growing concerns over the pace of US Federal Reserve rate cuts. The main index plunged by 153.22 points or 2.36 percent to close at 6,343.10 as Conglomerates led the...
The local stock market will be looking forward to the release of US December inflation figures for cues although sentiment has already been dampened by expectations that the Federal Reserve will be less aggressive in cutting policy rates. With the market having difficulty maintaining a solid...
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 release of the December 2024 inflation numbers will heavily influence the local stock market this week as trading volume normalizes with traders returning from the holidays. “Eyes are going to be on the Philippines’ December inflation data as this will provide clues on the Bangko Sentral ng...
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...
