While sentiment continues to be weighed down by rising inflation, there may be some bargain hunting as investors wait to see how the Bangko Sentral ng Pilipinas (BSP) will react to the US Federal Reserve’s rate hike. “With already two consecutive weeks of decline, we may see some episodes of...
Stocks take cue from US to resume slide Local share prices took their cues from the US and dropped again, to end one of the Philippine Stock Exchange Index’s (PSEi) worst week this year. The main index lost 61.45 points or 0.96 percent to close at 6,331.56 as Conglomerates led the retreat with...
The local stock market bounced after the announcement of an expected US rate hike and the growth in remittances. The main index rose 73.59 points or 1.16 percent to close at 6,393.01 with the Property sector leading the advance although the Services counter lagged behind. Volume declined to 647...
The local stock market resumed its slide on the back of losses in Wall Street as interest rates rise ahead of the US Federal Reserves’ monetary policy meeting. The main index fell 155.11 points or 2.40 percent to close at 6,319.42 as Conglomerates and Property firms led the retreat across the...
The Philippine Stock Exchange Index (PSEi) managed to recover from early losses to end its losing streak by posting a small gain as investors finally came in to pick up some bargains. The main index inched up 7.52 points or 0.12 percent to close at 6,474.53 although only the Holding Firms and...
The local stock market continued to decline after news of a high US inflation rate sent share prices tumbling. The main index dropped 63.03 points or 0.97 percent to close at 6,467.01 with the Mining and Oil index leading the retreat across the board. Volume remained thin at 761 million shares...
The local stock market is seen to continue to be weighed down by concerns over rising inflation and its impact on monetary policy and consumption both here and abroad while investors will keep an eye on remittance and balance of payments data. “The local market is seen to have a downward bias...
The local stock market ended the week with a steep drop after US bourses fell on concern that the Fed may raise rates faster in reaction to high inflation. The PSEi’s loss kept mounting before closing lower by 228.55 points or 3.38 percent to close at 6,530.04 as the Property sector led the...
The PSEi resumed its downward trend after a short respite as investors continue to worry about the local and global economies. However, the main index managed to recover most of its early losses and ended with only 11.03 points lower or 0.16 percent to close at 6,758.59 as the Services sector led...
The local stock market inched up some more as investors picked up bargains amid an improvement in global markets. The main index added 15.61 points or 0.23 percent to close at 6,769.62 as sectoral indices were evenly mixed. Volume remained thin at 745 million shares worth P5.37 billion as gainers...
The local stock market bounced on Wall Street’s lead despite the announcement that inflation rate rose further in May. The main index rose 37.13 points or 0.55 percent to close at 6,754.01 as the Mining and Oil sector led all counters in the advance. Volume remained weak though at 877 million...
The local stock market started the week lower as investors continue to worry about inflation and interest rates. The main index shed 24.52 points or 0.36 percent to close at 6,716.88 as only the Property counter advancing while the Mining and Oil sector led the retreat. A total of 1.88 billion...
