Investors will be watching out for signs if Santa Claus will be visiting the local stock market in the last two weeks of trading when the index often rallies before 2021 ends due to positioning for the new year. “Recovery was a major plot-point for equities in 2021, and is likely to spill over to...
The local stock market was mixed but managed to close higher on late buying of blue chips. The main index rose 64.4 points or 0.89 percent to close at 7,297.66 with the advance led by the Holding Firms counter while the Industrial and Mining and Oil sectors retreated. PSE_NEW Volume was high at...
The Philippine Stock Exchange index bounced back after the previous day’s panic selling as investors gain confidence from stronger US markets. The main index jumped 100.68 points or 1.41 percent to close at 7,233.26 as the Services sector led the rally across the board. Gainers beat losers 109 to...
The local stock market fell after the health department reported the country’s first two cases of the Omicron variant. The PSEi lost 109.41 points or 1.51 percent to close at 7,132.58 as the Property sector led the retreat across the board. 53334 Volume jumped to 1.33 billion shares worth P11.35...
The local stock market rose as investors start buying stocks seen to do well next year. The Philippine Stoc k Exchange index (PSEi) gained 44.38 points or 0.62 percent to close at 7,241.99 although only the Banks and Holding Firms counters advanced while the Services sector led decliners. PSE_NEW...
The local stock market closed almost flat after trading sideways most of the day due to the absence of fresh market moving news. The main index shed 1.31 points or 0.02 percent to close at 7,190.86 as the Services sector led the retreat while the Mining and Oil and Property counters managed to...
The local stock market declined at the end of the trading week after investors pocketed gains from the recent rally in share prices. The main index dropped 42.75 points or 0.59 percent to close at 7,192.17 as banks led the retreat across the board. 52188 Volume rose to 3.57 billion shares worth...
The local stock market rose on the back of growing optimism that the Omicron variant will not be as bad as initially feared. The main index jumped 87.62 points or 1.23 percent to close at 7,234.92 as banks led the advance with only the Property sector posting a marginal decline. PSE_NEW Volume...
The local stock market managed to end higher after treading in the red most of the day following to release of positive economic data. The main index added 26.56 points or 0.23 percent to close at 7,147.30 although most sectors were down with banks postings the biggest losses while only the Holding...
The local stock market started the week on a positive note and followed up on last Friday’s gains as investor sentiment continued to recover from the knee-jerk reaction to the Omicron variant. The main index rose 75.55 points or 1.07 percent to close at 7,130.74 as the Services sector led the...
Stocks rose again but closed off the day’s peak as investor sentiment was boosted by gains in US bourses. The main index gained 22.65 points or 0.32 percent to close at 7,055.19 as sub-indices were evenly mixed with the Property sector advancing the most. Volume weakened to 1.3 billion shares...
Solar Philippines Nueva Ecija Corp. (SPNEC), the developer of what is planned to be the largest solar project in Southeast Asia, has kicked off its P2.7 billion initial public offering (IPO) which will run until Tuesday, Dec. 7. Based on documents filed with the Philippine Stock Exchange, the firm...
