The local stock market dropped further due to lack of fresh leads and with the approaching Lenten break. The main index lost 92.93 points or 1.33 percent to close at 6,895.36 with the Industrial and Services sectors leading the retreat across the board. Volume improved but remained thin at 1.5...
The local stock market is seen to remain weak this short trading week as concern over rising inflation and monetary tightening by the US Federal Reserve weigh on investor sentiment. “This week, the local market could move with a downward bias as it continues to face headwinds from both offshore...
The local stock market fell sharply with the PSEi breaching the 7,000 level due to fears of monetary policy tightening in the US. The main index plunged 183.23 points or 2.58 percent to close at 6,926.03 as share prices fell across the board led by the the Property sector. Volume rose to 920...
The local stock market weakened further, following the decline in US bourses. The main index dropped 46.81 points or 0.65 percent to close at 7,109.26 as Holding Firms led the retreat of all indices. Volume improved but was still thin at 11.53 billion shares worth P4.98 billion as losers beat...
The local stock market dropped after the announcement of higher-expected inflation but managed to recover most of its losses at the end of the day. The main index shed 7.14 points or 0.10 percent to close at 7,156.07 as the Property sector led the retreat although Banks and Mining firms advanced....
The PSEi ended in the green after trading weaker earlier in the session as investors digest positive economic news while waiting for Tuesday’s inflation rate announcement. The main index inched up 10.33 points or 0.14 percent to close at 7,163.21 as the Mining and Oil sector led the advance with...
The local stock market will be watching out mainly for the March inflation rate figure which will be announced by the government on Tuesday. “Next week, inflation is expected to be one of the main themes in the local market. Our March consumer price index data is set to be released with the...
The PSEi declined at the end of a volatile week due to renewed concerns over Russia’s invasion of Ukraine and its conflict with the West. The main index dropped 50.59 points or 0.70 percent to close at 7,152.88 as the Holding Firms counter led the retreat of all sectors. Volume weakened to 15.2...
The local stock market continued to gain as share prices were buoyed by quarter-end window dressing. The main index rose 36.45 points or 0.51 percent to close at 7,203.47 with Holding Firms leading the advance. Volume improved to 1.49 billion shares worth P7.81 billion as gainers outnumbered losers...
The local stock market dipped as investors remain cautious prior to the release of various economic data in the US and locally. The main index shed 19.27 points or 0.27 percent to close at 7,115.09 with the Mining and Oil counter leading the retreat while Banks and Industrials managed to advance....
The local stock market was again saved by last-minute buying to close higher after early losses. The main index inched up by 9.52 points or 0.13 percent to close at 7,134.36 although only the Industrial and Holding Firms sectors managed to advance while the rest retreated. Volume was low at 768...
Analysts are cautiously optimistic about prospects at the local stock market given the resilience showed by the PSEi last week although risks posed by global supply disruptions and inflation remain. Last trading week, the local market managed to close still at its 7,000 - 7,100 support range. Also,...
