The PSEi weakened after the US Federal Reserve announced an expected rate cut which prompted investors to sell rate-sensitive stocks. The main index dropped 49.57 points or 0.70 percent to close at 6,986.19, weighed down by Conglomerates and Property firms while more sectors advanced. Volume...
The local stock market plunged as investors continue to lighten their portfolios before the Fed starts its meeting this week. The main index fell 177.72 points or 2.55 percent to close at 6,793.25 as the Mining and Oil sector led all indices in the retreat. Volume rose to 1.54 billion shares worth...
The local market fell as investors locked in gains while waiting for the US Federal Reserve’s meeting this week. The main index dropped 81.19 points or 1.15 percent to close at 6,970.97 as Miners led the retreat although Banks managed to advance. Volume rose to 1.21 billion shares worth P8.3...
While the local stock market is seen to be consolidating, it will take its cue from the outcome of the US Federal Reserve’s first meeting of the year which will be held this year. “The local market has been moving sideways within the 7,000 - 7,100 resistance range as it is having a hard time...
After failing to stay above the 7,100 level, the local stock market is expected to start the Year of the Rabbit by consolidating and building its strength before trying to hop over its resistance level again if the anticipated fourth quarter economic growth report is favorable. “The local market...
The local stock market is turning bullish in light of last week’s rally although there may be some profit-taking this week while investors are wait for economic data such as remittances and the balance of payment. “The local bourse sustained its upward momentum last week, getting past its 6,800...
The local stock market is seen to continue consolidating at current levels although sentiment appears to be more bullish with the PSEi rising 1.55 percent in the first trading week of the new year. “The market has been able to maintain its position above the 6,600 level (a previous resistance)...
The new trading year is seen to start with its traditional burst of optimism but whether this will be sustained will depend on domestic and global economic developments starting with the Philippines’ December 2022 inflation report this week. “In the last 5 years, from the previous year’s...
Despite the reopening of the Philippine economy and the resulting recovery of businesses, the year 2022 has not been kind to the local stock market. Earlier gains made on the back of the country’s improving Covid-19 situation as well as the traditional post-election rally eventually dissipated...
This week, trading at the local stock market, is seen to be anemic as a lot of investors are already enjoying the holidays while wary of prospects of the global economy in 2023. “For the last week of this year, a shortened one, we may see the local market move sideways as investors look forward...
While local stock market players usually hope for a “Santa Claus rally” before the end of the year, the outlook for this week seems gloomy as US bourses continued to drop. Market pundits are hoping fund managers will start window-dressing stocks in their portfolio to come up with a rosier...
While local stock market players usually hope for a “Santa Claus rally” before the end of the year, the outlook for this week seems gloomy as US bourses continued to drop. Market pundits are hoping fund managers will start window-dressing stocks in their portfolio to come up with a rosier...
