The local stock market is seen to trade with a downward bias this week even as investors await the release later in the week of the gross domestic product figure for the fourth quarter of 2020. “The local market’s bias is still seen to be tilted to the downside amid waning optimism and...
The local stock market managed to recover from early losses to end almost flat as foreign funds moved out. The main index shed 3.01 points or 0.04 percent to close at 7,140.29 with only the Property and Financials counters in the green. PSE file photo Volume was slightly lower at 102.66...
The local stock market is seen to be weighed down by concern over the impact of the new COVID-19 strain although this may be counterbalanced by excess cash in the system as well as developments overseas. “Next week, we may see sideways movement from the local market with a downward bias. Pandemic...
The local stock market ended the week lower as investor sentiment was dampened by weak economic data reported in the US and Philippines. The PSEi lost 34.69 points or 0.48 percent to close at 7,238.46 although the Services and Mining and Oil counters posted gains. Volume was higher at 147.24...
The local stock market posted some gains as investors shrugged off fresh concerns over COVID and started bargain hunting. The PSEi rose 30.30 points or 0.42 percent to close at 7,273.15 with only the Industrial and Mining and Oil counters in the red. Volume improved to 30.09 billion...
The local stock market posted more gains but off the day’s high after investors were quick to take profit. The main index was up 14.91 points or 0.21 percent to close at 7,304.79 with only the Property and Mining & Oil counters in the red. A total of 19.98 billion shares worth...
While there is still momentum in the local stock market from last week’s rally, its sustainability will hinge on whether there will be more positive news on COVID-19 vaccines and the US stimulus package. BDO Chief Market Strategist Jonathan Ravelas said that, after hopes of a vaccine fueled last...
