The local stock market is seen to continue being pulled back and forth by earnings reports and positive factors such as the improving Covid-19 situation and negative risks such as Russia’s invasion of Ukraine and inflation fears. “Next week, the local market may continue to trade sideways...
The PSEi bounced back after investors started picking up bargains in the afternoon session. The main index rose 84.07 points or 1.15 percent to close at 7,388.09 as the Mining and Oil counter led the rally across the board. Volume also expanded to 1.82 billion shares worth P8.26 billion as gainers...
The local stock market rose after the government decided to reduce quarantine measures to Alert Level 1. The main index added 98.78 points or 1.37 percent to close at 7,311.01 as the Property sector surged to lead the advance although the Services counter lagged behind. Volume increased to 2.11...
Russian invasion, alert level to sway stocks By JAMES A. LOYOLA Russia’s invasion of Ukraine and its impact on global equities and other markets will continue to weigh on the local bourse although an easing of quarantine measures may give the PSEi a little boost. “Next week, the local market is...
Philstocks Financial is projecting that the Philippine Stock Exchange Index will reach 7,600 to 8,200 by the end of 2022 as corporate earnings are forecast to grow by 25 percent to 35 percent. “We are cautiously optimistic about the market this year. A bullish outlook remains given the recovery...
Local share prices fell again after Russia takes more aggressive steps in Ukraine while western powers remain on the sidelines. The main index plunged 151.98 points or 2.06 percent to close at 7,212.23 led by losses in the Industrial and Property sectors although Mining and Oil managed to buck the...
The local stock market weakened further as the situation at the Russian and Ukranian border continue to heat up. The main index lost 46.54 points or 0.63 percent to close at 7,372.25 although sectoral indices were evenly mixed as conglomerates fell while property firms rally. Volume rose to 1.4...
The Philippine Stock Exchange index ended slightly lower after a day of volatile trading. The main index dipped 13.89 points or 0.19 percent to close at 7,438.93 with sectoral indices evenly mixed. Volume dropped to 911 million shares worth P6.82 billion as gainers outpaced losers 107 to 77 with 56...
The local stock market bounces back following positive news overseas and in the domestic front. The main index jumped 142.88 points or 1.96 percent to close at 7,452.82 with the Property and Services sectors leading the rally across the board. Volume rose to 1.16 billion shares worth P9.53 billion...
Local share prices weakened amid growing tension between Russia and Ukraine as well as lingering concern over US interest rates. The PSEi shed 52.21 points or 0.70 percent to close at 7,309.94 as the Property sector led the retreat while the Holding Firms and Mining and Oil counters posted gains....
The local bourse started the week on a positive note as investors picked up cheaper stocks. The main index rose 90.79 points or 1.25 percent to close at 7,361.15 as Holding Firms led the advance although the Industrial and Mining and Oil counters lagged behind. Volume was high at 1.19 billion...
This week, investors will be taking cues from corporate earnings reports, hints on local and US policy rates, and the government’s decision on whether to further relax quarantine restrictions. “The government’s decision on the alert level restrictions in the country for the 2nd half of...
