The Philippine Stock Exchange index (PSEi) pulled back on profit-taking before the Bangko Sentral ng Pilipinas announced a rate cut at the close of trading hours. The main index lost 41.34 points or 0.68 percent to close at 6,057.40 on Thursday, Oct. 9, although sectoral indices were equally split....
The local stock market improved on sustained bargain-hunting as investor sentiment was lifted by encouraging employment data. The main index added 14.91 points, or 0.25 percent, to close at 6,098.74 on Wednesday, Oct. 8. Miners led the advance, while Banks and Property counters offset gains. A...
The Philippine Stock Exchange index (PSEi) recovered some lost ground and rallied as the September inflation rate came in lower than expected. The main index jumped 83.51 points, or 1.39 percent, to close at 6,083.83 on Tuesday, Oct. 7, with banks leading the gains across the board. Volume rose to...
The Philippine Stock Exchange index (PSEi) on Monday, Oct. 6, fell after a three-day bounce as investors cashed in on recent gains ahead of the September inflation rate announcement on Tuesday, Oct. 7. The main index plunged 108.54 points, or 1.78 percent, to rest at 6,000.32. Conglomerates and...
Investors are hoping that the Bangko Sentral ng Pilipinas’ (BSP) policy meeting and the domestic inflation rate announcement this week will be the catalyst needed to spur trading activity in the local stock market. “The local market managed to partially recover some lost ground in last week’s...
The local stock market ended the week higher as share prices rose, supported by the strengthening peso. The main index jumped 69.10 points or 1.14 percent to close at 6,108.86 on Friday, Oct. 3, as the Services sector surged while the Mining and Conglomerate sectors declined. Volume dropped to 799...
The Philippine Stock Exchange index (PSEi) rose slightly for the second straight day, adding 13.73 points, or 0.23 percent, to close at 6,039.76, but gains were limited due to lack of fresh market leads. The overall volume decreased to 1.52 billion shares, valued at ₱5.56 billion. Decliners edged...
The Philippine Stock Exchange Composite Index (PSEi) finally bounced back after a seven-day decline, as investors were enticed to start bargain hunting following lower stock prices. The main index jumped 72.57 points, or 1.22 percent, to close at 6,026.03 on Wednesday, Oct. 1, with Miners leading...
The Philippine Stock Exchange index (PSEi) is still in the red on Tuesday, Sept. 30, as share prices dropped due to the weak peso and domestic uncertainties. The main index lost 44.14 points, or 0.74 percent, to close at 5,953.46. The property sector led the retreat, while miners and banks...
The Philippine Stock Exchange index (PSEi) dropped for the sixth straight session, breaking below the 6,000 level, as investors worried about the weak peso, the impact of corruption on infrastructure spending, and general weak investor confidence in the economy. The main index shed 29.52 points, or...
Following a week-long decline, the local stock market may experience some bargain-hunting despite prevailing bearish sentiment, with investors likely to interpret the S&P Global Philippines Manufacturing PMI and US jobs and PCE inflation data for cues. “The local market is still moving with a...
The Philippine Stock Exchange (PSEi) stayed in the red on Friday, Sept. 26, marking a whole week of daily declines, as developments in the United States (US) dampen hopes of aggressive rate cuts by the US Federal Reserve (Fed) and the Bangko Sentral ng Pilipinas (BSP). The main index shed 15.16...
