The local stock market dipped on the last trading day of the year as index heavyweights continued to drag down the PSEi even though more stocks were up. The main index shed 10.23 points or 0.16 percent to close 2024 at 6,528.79 as Banks suffered the biggest loss while Mining stocks surged. Volume...
The local stock market fell on strong foreign selling as investors wait for the US Federal Reserve and Bangko Sentral ng Pilipnas' (BSP) last policy meetings for the year. The main index plunged by 113.45 points or 1.72 points to close at 6,501.71 with Banks leading the retreat across the board....
The PSEi declined as investors exercised caution while waiting for developments in the US. The main index dropped 43.14 points or 0.63 percent to close at 6,806.86 as the Services sector led the retreat with only Banks managing to advance. Volume fell to 588 million shares worth P4.6 billion as...
The local stock market fell due to a possible Trump win in the US elections. The main index lost 92.52 points or 1.27 percent to close at 7,165.42 with the retreat led by the Property sector. Volume dipped to 1.33 billion shares worth P4.58 billion as losers beat gainers 105 to 83 with 49...
The country’s top lender BDO Unibank Inc. (BDO) reported a 12 percent year-on-year (YoY) growth in net profit to P60.6 billion in the first nine months of 2024. In a disclosure to the Philippine Stock Exchange (PSE), the bank said its growth in net income was driven by the sustained contribution...
Holding firm Aboitiz Equity Ventures Inc. (AEV) reported a four percent improvement in consolidated net income to P18.8 billion for the first nine months of 2024, from the P18 billion reported for the first nine months of 2023. In a disclosure to the Philippine Stock Exchange (PSE), the firm...
The local stock market shrugged off profit-taking fears and shot up to the 7,400 level following the central bank’s announcement of a reduction in the reserve require ratio.
After numerous failed attempts this year, the Philippine Stock Exchange’s benchmark index finally closed above the 7,000 resistance level on expectations of rate cuts and a stronger Philippine economy. The PSEi surged 79.79 points or 1.15 percent to 7,024.67 with the interest rate-sensitive...
The PSEi closed flat after late selling pulled it back down from its peak well above the 7,000 resistance level. The main index end higher by just 0.38 points or 0.005 percent at 6,984.63 as half the sector indices declined. Volume was strong at 777 million shares worth P7.26 billion as gainers...
Lower than anticipated inflation in the US for April boosted local stocks as investors again raise their hopes for an interest rate cut. The main index jumped 69.57 points or 1.06 percent to close at 6,628.20 as the interest rate sensitive Property sector surged while Banks declined. Volume rose to...
The local stock market kicked off the first trading day of the second quarter with a substantial hike following strong economic data from China and the US. The main index jumped by 76.28 points or 1.10 percent to close at 6,979.81 as Conglomerates led the advance while the Industrial sector lagged...
Investors in the local stock market will be looking forward to the release of the March inflation numbers this week to see if there will be further delays in the central bank's policy rate cuts. “For the first week of April, investors are expected to look towards upcoming economic data for clues....
