PSE file photo (Photo credit: https://www.pse.com.ph) The local stock market finally succumbed to profit-taking as investors used the weakness in US bourses as an excuse to sell. The main index dropped 76.11 points or 1.17 percent to close at 6,415.08 as share prices declined across the board....
The local stock market managed to rise a few points after opening weaker as the listing of Converge ICT failed to inject excitement among investors. PSE file photo (Photo credit: https://www.pse.com.ph) The main index gained 7.13 points or 0.11 percent to close at 6,491.19 withe sectoral indices...
The Philippine stock market may take a breather at the start of the week following its strong rally last week but investor sentiment may be swayed by the announcement third quarter results by some index heavyweights. “The local market staged a strong rally but, with the quick surge, the local...
The local market closed its best week since the start of quarantine Friday on the back of good corporate earnings and US stimulus news. The Philippine Stock Exchange index (PSEi) rose by 139.43 points, or 2.2 percent, to close at 6,484.06 although the Services sector did not join the...
The local stock market recovered from early profit taking due to the improvement in COVID-19 numbers as well as prospects of a US stimulus package. Traders work beneath an electronic ticker at the trading floor of the Philippine Stock Exchange in Bonifacio Global City (BGC).(Bloomberg file photo)...
The local stock market followed through on the previous day’s rally as investors are upbeat over government moves to open up the economy further. Traders work beneath an electronic ticker on the trading floor of the Philippine Stock Exchange in Bonifacio Global City (BGC) Metro Manila, the...
The local stock market surged on news that government is easing quarantine measures to boost the economy. 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 main...
The local stock market is seen range trade this week although positive corporate nine-month results have the potential to spur the index to breach the 6,000 level. “The market may be more inclined to trade within range for now, until after US elections are finalized by November. This, plus...
The Philippine Stock Exchange index ended the week lower as investors worry over the impact of the pandemic on the global economy. The main index lost 39.86 points or 0.67 percent to close at 5,898.47 with index stocks leading the decline while small caps and second liners did better. ...
The local stock market chalked up a small gain yesterday as most investors are still sitting in the sidelines. The Philippine Stock Exchange index (PSEi) gained 13.03 points, or 0.22 percent, to close at 5,938.33 with the Industrial and Services counters retreating. Volume fell to 1.18 million...
The local stock market ended flat yesterday as investors remain cautious amid lack of fresh news. The Philippine Stock Exchange index (PSEi) eked out a gain of 2.07 points, or 0.03 percent, to settle at 5,925.30 with only the Holding Firms and Services counters in the red. Volume improved to 2.79...
The local stock market is seen to continue suffering from weak investor confidence as well as a drain on liquidity due to the initial public offering of Converge Information and Communications Technology Solutions, Inc. (Converge). “The slowing inflation highlights a still weak economy and...
