While the local stock market is seen to be consolidating, it will take its cue from the outcome of the US Federal Reserve’s first meeting of the year which will be held this year. “The local market has been moving sideways within the 7,000 - 7,100 resistance range as it is having a hard time...
The composition of the Philippine Stock Exchange’s 30-stock benchmark, the PSE index (PSEi) will see some changes starting Feb. 6, 2023. In a statement, the bourse said DMCI Holdings, Inc. (DMC) and Union Bank of the Philippines (UBP) will be included in the PSEi, replacing Megaworld Corporation...
The local stock market was up slightly after the US also reported a stronger than expected economic growth rate. The main index added 9.46 points or 0.13 points to close the week at 7,052.16 with the Mining and Oil counter posting the highest rise. Volume was still low at 1.12 billion shares worth...
The local stock market weakened despite the announcement of stronger-than-expected economic growth in the fourth quarter as investors sold on news. The main index lost 38.66 points or 0.55 percent to close at 7,042.70 with the Services counter leading all sectors down. Volume remained weak at 1.34...
The local stock market was up on the back of stronger US corporate earnings which translated gains in US equities. The main index rose 39.86 points or 0.57 percent to close at 7,081.36 as the Services sector led the advance with only the Mining and Oil counter retreating. Volume eased further to...
The local stock market declined after a stronger start as investors wait for more economic news, particularly the gross domestic product (GDP) report. The main index lost 28.18 points or 0.40 percent to close at 7,041.50 with only the Industrial sector advancing. Volume dropped to 1.96 billion...
The local stock market overcame early weakness to end slightly higher while investors wait for market moving news. The main index added 13.06 points or 0.19 percent to close at 7,069.68 with sectoral indices evenly split. Volume was firm at 1.24 billion shares worth P8.35 billion as gainers edged...
After failing to stay above the 7,100 level, the local stock market is expected to start the Year of the Rabbit by consolidating and building its strength before trying to hop over its resistance level again if the anticipated fourth quarter economic growth report is favorable. “The local market...
The local stock market continues to follow the lead of US bourses and ended the last trading day of the week just slightly in the red. The main index shed 5.39 points or 0.08 percent to close at 7,056.62 with sectoral indices evenly split. Volume was lower at 1.56 billion shares worth P6.86 billion...
Local share prices eased as weakness in US bourses weighed down investor sentiment. The main index shed 32.85 points or 0.46 percent to close at 7,062.01 as Banks led the retreat while the Mining and Services counters moved up. Volume was slightly lower at 1.87 billion shares worth P7.03 billion as...
The local stock market bounced back, gaining more strength in late trades on the back of growing optimism about the Philippine economy. The main index rose 80.82 points or 1.15 percent to close at 7,094.86 as the Services sector led the advance. Volume was lower though at 991 million shares worth...
The PSEi slipped due to profit taking after its recent runup but managed to stay above the 7,000 mark. The main index shed 31.44 points or 0.45 percent to close at 7,014.04 with the Industrial sector leading theretreat while the Property and Services counters managed to advance. Volume remained...
