The PSEi continues to rally following last week’s steep dive and is now close to the 7,000 level as the central bank said its rate cut plan is unchanged while investors are more upbeat now with US-Philippine relations under incoming President Trump. The main index surged by 172.44 points or 2.53...
The PSEi has risen back to the 6,800 level as investors continue picking up bargains while digesting last week’s corporate results. The main index added 41.84 points or 0.62 percent to close at 6,803.19 with the Services sector leading the advance while Conglomerates lagged behind. Volume dipped...
Local share prices rose further as investors continued to pick up bargains. The main index added 84.70 points or 1.27 percent to close at 6,761.35 as Conglomerates led the advance while Industrials, Services, and Miners declined. Volume was firm at 696 million shares worth P5.78 billion as...
WORD ALIVE We have reached the end of the Church calendar and commemorated All Souls Day. Today, we reflect on the end of the world. Many people have been asking, “Father, is the world about to end?” I replied. “It’s because of the plagues, the earthquakes, famines, global warming,...
The local stock market finally pulled away from its seven-day dive after investors found bargain prices too hard to resist. The main index jumped 119.56 percent or 1.82 percent to close at 6,676.65 as Industrials and Banks led the rebound although Conglomerates got left behind. Volume was firm at...
The PSEi is now at the 6,500 level as share prices plummeted as a result of foreign funds continuing to leave the local market. The main index dove by 157.24 points or 2.34 percent to close at 6,557.09 with the Mining and Property sectors leading the retreat across the board. Volume rose to 674...
Local share prices plunged as the Philippines faces headwinds including a weaker peso, lower foreign investments, and slower economic growth. The main index fell 129.9 points or 1.87 percent to close at 6,810.11 with the Property and Services sectors leading the retreat across the board. Volume...
The local stock market continued to weaken as the week started with news of a drop in foreign direct investments (FDI). The main index lost 37.17 points or 0.53 percent to close at 6,940.02 as only Banks held their ground while the Mining sector fell on lower gold prices. Volume was low at 548...
Makati City 2nd district Rep. Luis Campos Jr. (left), President Ferdinand "Bongbong" Marcos Jr. (Facebook) Makati City 2nd district Rep. Luis Campos Jr. says the Marcos administration is pouring more money into public residential drug abuse...
WORD ALIVE Jesus Christ in the Sunday gospel praises the poor widow who drops two small copper coins, equivalent to a few centavos, in the temple treasury, unlike the others who “put in their surplus money” (Mk 12,43). Although very poor, she put “all she had to live on.” The first...
The Philippine Stock Exchange index (PSEi) declined to close the week below the 7,000 support level as investors continued to sell local stocks due to concerns regarding the implications of a Trump presidency and slower economic growth. The main index dropped by 37.26 points, or 0.53 percent,...
The local stock market plunged after the government reported slower-than-expected growth for the Philippine economy and Donald Trump won the US presidential race. The main index fell by 150.98 points, or 2.11 percent, to close at 7,014.44, with the Property sector still leading the decline,...
