The Philippine Stock Exchange Index (PSEi) dipped again, trading sideways as the market awaits corporate earnings reports and other strong catalysts to disperse the uncertainty hanging over investors. The main index shed 5.46 points, or 0.09 percent, to close at 6,084.07 on Monday, Oct. 20. Miners...
The local stock market will look for positive cues from early corporate earnings reporters this week, typically starting with banks, even as sentiment remains dampened by a public works corruption scandal. “Rate cuts alone won’t reignite growth. Without stronger governance, swift resolution of...
The Philippine Stock Exchange index (PSEi) dipped slightly on Friday, Oct. 17, as the market traded sideways while investors wait for companies to start reporting their third-quarter performance. The main index shed 4.14 points, or 0.07 percent, to close at 6,089.53. The drop in the property and...
The Philippine Stock Exchange index (PSEi) was almost unchanged on Thursday, Oct. 16, after late selling erased the day’s gain as investors locked in profits while waiting for the start of the third-quarter earnings season. The main index shed just 0.43 points, or 0.01 percent, to close at...
The Philippine Stock Exchange index (PSEi) rose for a third straight session as investor sentiment improved amid a firmer peso and prospects for further central bank interest-rate cuts. The main index, or PSEi, added 17.88 points, or 0.29 percent, to close at 6,094.10 on Wednesday, Oct. 15,...
The Philippine Stock Exchange index (PSEi) gained ground, boosted by easing United States-China trade tensions and investor anticipation of more rate cuts from the Bangko Sentral ng Pilipinas (BSP). The main index rose 23.89 points (0.39 percent) to finish at 6,076.22 on Tuesday, Oct. 13. The...
The Philippine Stock Exchange index (PSEi) rose on Monday, Oct. 13, after investors picked up bargains as treasury yields dropped while the peso firmed up. The main index added 14.54 points, or 0.24 percent, to close at 6,052.33 on the strength of the services and mining sectors, as most of the...
The Philippine Stock Exchange index (PSEi) pulled back on profit-taking before the Bangko Sentral ng Pilipinas announced a rate cut at the close of trading hours. The main index lost 41.34 points or 0.68 percent to close at 6,057.40 on Thursday, Oct. 9, although sectoral indices were equally split....
The local stock market improved on sustained bargain-hunting as investor sentiment was lifted by encouraging employment data. The main index added 14.91 points, or 0.25 percent, to close at 6,098.74 on Wednesday, Oct. 8. Miners led the advance, while Banks and Property counters offset gains. A...
The Philippine Stock Exchange index (PSEi) recovered some lost ground and rallied as the September inflation rate came in lower than expected. The main index jumped 83.51 points, or 1.39 percent, to close at 6,083.83 on Tuesday, Oct. 7, with banks leading the gains across the board. Volume rose to...
The Philippine Stock Exchange index (PSEi) on Monday, Oct. 6, fell after a three-day bounce as investors cashed in on recent gains ahead of the September inflation rate announcement on Tuesday, Oct. 7. The main index plunged 108.54 points, or 1.78 percent, to rest at 6,000.32. Conglomerates and...
Investors are hoping that the Bangko Sentral ng Pilipinas’ (BSP) policy meeting and the domestic inflation rate announcement this week will be the catalyst needed to spur trading activity in the local stock market. “The local market managed to partially recover some lost ground in last week’s...
