Global markets will be looking for cues from the release of US inflation figures this week while local equities are seen to be more volatile as it experiences a tug-o-war between improving investor sentiment at the domestic front and concerns over the weakening of the US economy. “This week, the...
The local stock market rose further as optimism generated by the lower inflation rate overcame news of weaker US equities. The main index added 28.12 points or 0.41 percent to close at 6,936.09 with Conglomerates leading the advance while the Services and Mining counters lagged behind. Volume was...
The local stock market firmed up after the August inflation rate dropped lower than expected. The main index added 25.85 percent or 0.38 percent to close at 6,907.97 but sectoral indices were still evenly divided. Volume was lower at 517 million shares worth P5.07 billion as gainers edged out...
The PSEi recovered from early losses to close flat as investors initially sold down stocks following weak US markets overnight. The main index shed just 0.8 points or 0.01 percent to close at 6,882.12 with sectoral indices evenly divided. Volume was a little higher at 653 million shares worth P5.56...
Local share prices softened on profit-taking due to lack of fresh cues as US markets were closed while inflation numbers are not due until Thursday. The main index dropped 40.49 points or 0.58 percent to 6,882.92 as the Services sector led the retreat while Conglomerates bucked the trend....
The local stock market managed to advance as investors remain upbeat amid prospects of lower interest rates. The main index added 25.87 points or 0.38 percent to close at 6,923.41 with sectoral indices mixed. Volume was lower at 555 million shares worth P4.89 billion as gainers outnumbered losers...
The local stock market increased amid strong trading as investors adjusted their portfolios while waiting for more economic indicators. The main index added 5.99 points or 0.09 percent to close at 6,897.54, with sectoral indices split evenly. Volume shot up to 1.74 billion shares worth P13.3...
Local share prices weakened as investors take profits after the index failed to hold above the 7,000 resistance level. The main index lost 66.46 points or 0.96 percent to close at 6,891.55 as Conglomerates led the retreat although the Property and Mining counters stayed in the green. Volume was...
The local stock market initially rose on the back of strong US equities but dipped after failing to hold its ground above the 7,000 level. The main index shed 15.4 points, or 0.22 percent, to close at 6,958.01, with sectoral indices equally split. Volume was weaker at 1.27 billion shares worth...
The local stock market ended with a marginal gain after failing to breach the 7,000 resistance level. The main index added 11.45 points or 0.16 percent to close at 6,973.41 although only the Property and Mining counters managed to advance. A total of 831 million shares worth P6.8 billion changed...
While the 7,000 level is a strong resistance for the Philippine Stock Exchange index (PSEi), the local stock market is seen to continue its bullish trend specially in the light of expectations of a September rate cut by the US Federal Reserve. “This week, the local market could still move with an...
The local stock market recovered the previous day’s loss and resumed climbing as investors hope for signs of a September cut by the US Federal Reserve. The main index added 61.34 points or 0.89 percent to close at 6,961.96 as Banks surged while the Property and Mining counters were in the...
