Trading at the stock market this week will be influenced by the COVID-19 situation as well as the release of key economic data by the Philippine and US governments. “Next week, investors are expected to monitor our COVID-19 situation following the recent rise in case counts, and the detection of...
The Philippine Stock Exchange announced the recomposition of its benchmark index with the addition of AC Energy Corporation and Converge Information and Communications Technology Solutions, Inc. starting August 16, 2021. In a statement, the bourse said the two securities will replace DMCI Holdings,...
The local stock market rose for the third day with investor sentiment boosted by positive corporate earnings reports. The main index gained 25.15 points or 0.38 percent to close at 6,585.21 as the Services sector led the advance while the Property counter was the only one in the red. Volume was...
The local stock market rose as investors followed through on the previous day’s late bargain hunting. The main index jumped 113.75 points or 1.76 percent to close at 6,560.06 with miners and banks leading the charge. Volume improved but was still low at 799.68 million shares worth P4.89 billion...
The local stock market bounced back as investors turned into bargain hunters late in the session. The main index jumped up 176.08 points or 2.81 percent to close at 6,446.31 as the Holding Firms and Property counters led the advance while the Mining and Oil sectors was the only one that retreated....
This week, the Philippine stock market will be looking for cues from corporate earnings reports and government announcement of inflation and employment data but these will be weighed down by the imposition of a lockdown amid the coming Chinese ghost month. “The local market is still seen to move...
The local stock market plunged after the government announced a hard lockdown just a few days after saying it is not necessary. The main index fell 226.30 points or 3.48 percent to close at 6,273.23 with the Property and Holding Firms counters suffering the biggest losses. Volume improved to 1.81...
The local stock market paused from its slide following gains in the US and the announcement of quarantine measures that were less stringent than feared. The PSEi gained 23.50 points or 0.36 percent to close at 6,496.53 with the Mining and Oil counter leading the advance of all sectors. Volume...
After a single day bounce, Philippine share prices weakened again amid calls for a hard lockdown to prevent a surge that may be fuelled by the Delta variant. The main index lost 49.55 points or 0.76 percent to close at 6,473.03 as banks and Industrials led the drop across the board. Volume was...
Local share prices rebounded after investors bought up stocks that have been sold down in the past week. The PSEi surged 149.97 points or 2.35 percent to close at 6,522.58 as the Property and Mining and Oil counters led the rally across the board. 22315 Volume remained weak though at 1.17 billion...
Philippine share prices continue to dive ahead of the President’s state of the nation address even as more new local cases of the Delta variant are reported. The main index fell 148.13 points or 2.27 percent to close at 6,372.61 as blue chip holding firms and banks led the sell-off. PSE-BGC-...
This week, the local stock market is seen to continue being weighed down by fears of a fresh surge in COVID-19 cases as government reports more new cases of the more contagious Delta variant. “The local market may still move with a downward bias as Delta variant worries are seen to remain,”...
