The local stock market managed to sustain the previous day’s rally despite a weak start as investors continued to buy up shares. The main index rose 71.06 points or 1.01 percent to close at 7,080.62 with only the Services and Mining and Oil counters retreating. Volume eased to 3.9...
Photo credit: (https://www.pse.com.ph/) The local stock market bucked expectations of further corrections and surged on the first trading day of December, kicking off what many hope will continue into a Christmas rally. The PSE soared 218.10 points or 3.21 percent to close at 7,009.56 as the...
Further weakness is seen in the stock market this week, following the trend set last week which was marked by profit-taking and foreign selling. However, online brokerage firm 2TradeAsia.com said long term prospects appear to improve with recent developments in the Senate as well as the hope...
Traders work beneath an electronic ticker on the trading floor of the Philippine Stock Exchange in Bonifacio Global City (BGC) Metro Manila, the Philippines. (Bloomberg FILE PHOTO) The local stock market fell as foreign funds cash in and leave for greener pastures. The main index dropped 107.16...
The local market is seen to make a healthy correction to digest strong gains made last week on the success of two COVID-19 vaccines and the surprise rate cut by the Bangko Sentral ng Pilipinas. “This week, we may see a pullback as investors book gains out of the market’s 3-week...
The local stock marker weakened as investors remain cautious and are quick to take profit. The PSEi dropped 54.16 points or 0.77 percent to close at 6,997.62 with only the Financials counter advancing. PSE file photo (Photo credit: https://www.pse.com.ph) Volume increased to 11.78 billion shares...
The local stock market continued to correct yesterday as investors take profit from the surge in prices last week. The Philippine Stock Exchange index (PSEi) dropped 51.83 points, or 0.74 percent, to close at 6,918.05 with only the Financials and Industrial counters managing to...
The stock market ended lower on the last trading day of the week on concerns over damages wrought by Typhoon Ulysses. The Philippine Stock Exchange index (PSEi) dropped 54.38 points, or 0.77 percent, to close at 6,969.88 with only the Property and Mining & Oil counters in the green....
The local stock market ended slightly lower on some profit-taking after the spike in prices during the previous session. The PSEi shed 11.22 points or 0.16 percent to close at 7,024.26 with the Holding Firms and Services counters retreating. Volume surged to 2.29 billion shares worth P27.77 billion...
The local stock market surged past the 7,000 level as investors celebrated positive reports on breakthrough in COVID-19 vaccines. The Philippine Stock Exchange index (PSEi) leaped 349.63 points, or 5.23 percent ,to close at 7,035.48 as share prices rose across the board with the Holding Firms...
Movements in the local stock market this week will continue to be influenced by the US elections as well as the announcement of the third quarter economic performance and more corporate earnings releases. “Headlines on the US presidential race should remain a volatility churner in the corning...
The local stock market surged at the start of the US elections as investors look forward to an end in the guessing game over who will lead the world’s most influential economy in the next four years. The PSEi rose 128.49 points or 2.03 percent to close at 6,464.05 as share prices rose...
