The local stock market declined as it continues its see-saw trend amid negative geopolitical factors and generally upbeat corporate results. The main index shed 20.87 points or 0.34 percent to close at 6,124.09 as Miners led the retreat with only Banks managing to advance. Volume rose to 534...
The local stock market bounced after news that the Philippines will continue to receive US aid, while upbeat corporate earnings further lifted investor sentiment. The Philippine Stock Exchange index (PSEi) rallied by 80.80 points or 1.33 percent to close at 6,144.96 on Wednesday, Feb. 26, as Banks...
The local stock market weakened as investor sentiment remains dampened by geopolitical concerns such as US tariffs and discouraging economic and inflation numbers. The main index dropped on Tuesday, Feb. 25, by 31.81 points or 0.52 percent to close at 6,064.16, as conglomerates led the retreat...
Despite sealing deals to acquire the stakes of its fellow shareholders in the Philippine Dealing System Holdings Corporation (PDSHC), the Philippine Stock Exchange (PSE) will still be more than 20 percent shy of its target of full ownership of the fixed-income bourse owner. In a disclosure, the PSE...
The Philippine Stock Exchange index (PSEi) ended almost flat on Monday, Feb. 24, as gains of banks and conglomerates managed to balance losses of other sectors. The main index shed 2.07 points or 0.03 percent to close at 6,095.97 with the industrial and services counters leading decliners. Volume...
The local stock market is seen to remain volatile due to geopolitical and interest rate concerns, although share prices may get a boost from the Philippines’ exit from the grey list of the Financial Action Task Force (FATF). Unicapital Securities Equity Research Analyst Jeri R. Alfonso said that...
The local stock market recovered some lost ground to close the week on a higher level than in the previous Friday. The main index added 31.41 points or 0.52 percent to close at 6,098.04 as the Property sector bounced back to lead the advance while Banks dipped. Volume declined to 1.65 billion...
The Philippine stock market weakened as investors grew concerned about potential delays in U.S. interest rate cuts and increased tariff threats by President Trump. The main index fell 53.25 points, or 0.87 percent, to close at 6,066.63 on Thursday, Feb. 20. The property sector led the...
The Philippine Stock Exchange index (PSEi) gained more ground as investors continued to pick up cheaper stocks on the back of gains in US bourses. The main index added 24.92 points or 0.41 percent to close at 6,119.88 with the mining and oil surging by 4.73 percent while banks and services...
The local stock market strengthened as investors picked up bargains amid stronger remittances and corporate tax cuts. The main index surged by 101.48 points or 1.69 percent to close at 6,094.96 as the property counter made a strong bounce while miners saw some profit-taking. Volume grew to...
The Philippine Stock Exchange index (PSEi) fell following the decline in US bourses last Friday as investors are jittery about factors that may further delay interest rate cuts. The main index lost 67.85 points or 1.12 percent to close at 5,993.48 on Monday, Feb. 17, as the property sector plunged,...
While the recent rout in the stock market has brought stock prices down to attractive levels, uncertainties over trade and monetary policies are dampening investor sentiment. According to 2TradeAsia.com, the Bangko Sentral ng Pilipinas’ signalling that it may push back the next rate cut well into...
