Local share prices jumped on news that the US Federal Reserve believes is seeing progress in efforts to control inflation. The main index rose by 91.07 points or 1.43 percent to close at 6,450.03, with Banks leading the charge while Miners still retreated. However, volume was still tepid at 263...
The local stock market dropped further as investors continued to wait for market-moving news, particularly those related to possible interest rate cuts, both here and in the US. The main index lost 39.81 points or 0.62 percent to close at 6,358.96 as Banks led the retreat. Volume improved but...
The local stock market saw some profit-taking as investors waited to take cues from the release of economic data this week. The main index shed 13.14 points or 0.20 percent to close at 6,398.77 as Conglomerates led the decline while Banks managed to stay in the green. Volume fell to 4-7 million...
WORD ALIVE Once heavy rains pounded and flooded a town. As the water kept rising, inundating the houses, a man known for his piety climbed up to the second floor of his house. A rescuer on a banca (row boat) came near and yelled, “Come, I came to save you.” But the man said, “Don’t worry, I...
The local bourse closed the week on a positive note as investor sentiment got a boost from expectations of a local interest rate cut. The main index added 21.33 points or 0.33 percent to close at 6,411.91 as Conglomerates led the advance while banks and miners retreated. Volume improved to 1.16...
The local stock market continued to recover as investors turned hopeful that US inflation will be low enough to trigger a rate cut. The main index jumped 77.47 points or 1.23 percent to close at 6,390.58 as Banks led the rally. Volume remained low though at 508 million shares worth P4.52 billion as...
The local stock market inched up as investors continued to slowly pick up bargains. The main index added 14.06 points or 0.22 percent to close at 6,313.11 led by the advance of the Services sector while Conglomerates and Miners retreated. Volume improved to 323 million shares worth P4.91 billion as...
The Philippine Stock Exchange Index (PSEi) added to the previous day’s gains on the back of more bargain hunting and window dressing. The main index rose by 26.59 points or 0.42 percent to close at 6,299.05 as the Services sector led the advance while Conglomerates and Industrials retreated....
The local stock market finally bounced after its eight-day fall as investors started bargain-hunting. The main index jumped 113.98 points or 1.85 percent to close at 6,272.46 as the Property sector led the rally while Miners still lagged behind. Volume was a little better than average at 356...
(Unsplash) Makati City 2nd district Rep. Luis Campos Jr. says the country’s telecommunications companies (telcos) are simply not doing enough to improve their services, particularly when it comes to mobile Internet. Case in point:...
WORD ALIVE A woman was seated next to a priest in an airplane during a storm. The plane was bouncing up and down. The terrified woman said to the man of the cloth: “Can’t you do something about this awful storm?” The priest looked at her and said: “Lady, I’m in sales, not...
The local stock market benchmark plunged almost 200 points to its lowest level this year as bearish sentiment prevailed. The main index fell 186.08 points or 2.93 percent to close at 3,158.48 with the Mining sector leading the retreat across the board. Volume rose to 632 million shares worth a...
