For the local capital market, 2024 was a year of unmet expectations as global economic and geopolitical tensions took bourses worldwide, including the Philippines, on a roller-coaster ride. The year began with optimism. The Philippine Stock Exchange was projected to end the year at the 7,000 to...
The Philippine Stock Exchange, Inc. index (PSEi) closed higher year-on-year for the first time since 2019, up by 78.75 points or 1.2 percent to 2024 at 6,528.79 points from its close of 6,450.04 in 2023. In a statement, the PSE said that, year-on-year, the PSE MidCap and PSE DivY indices...
The local stock market dipped on the last trading day of the year as index heavyweights continued to drag down the PSEi even though more stocks were up. The main index shed 10.23 points or 0.16 percent to close 2024 at 6,528.79 as Banks suffered the biggest loss while Mining stocks surged. Volume...
The Philippine Stock Exchange, Inc. (PSE) is set to reshape the country's capital markets with its acquisition of a controlling stake in the Philippine Dealing System Holdings Corporation (PDS). In a statement on Thursday, Dec. 26, the PSE announced that it had signed agreements to acquire a 61.92...
The Philippine Stock Exchange Index (PSEi) managed to eke out a gain despite some index heavyweights weakening and offsetting the broader market's gains. The main index added 4.11 points, or 0.06 percent, to close at 6,539.02, with the Property sector leading the advance while the Conglomerates and...
Santa Claus finally paid the local stock market a visit, sparking off some recovery on the last trading day before Christmas. The main index surged by 128.53 points or 2.01 percent to close at 6,534.91 with the Industrial sector leading the rally across the board. Volume was thin at 713 million...
Investor sentiment in the local stock market is expected to remain bearish this week due to prospects of fewer rate cuts in 2025, a weakening peso, and concerns related to the government’s budget for next year. "The local market is turning more bearish as it extended its decline last week," said...
The local stock market dropped below the 6,400 level after the US Federal Reserve signaled a slower pace of rate cuts next year. The main index fell 73.48 points or 1.14 percent to close at 6,395.60 with the Mining and Oil sector suffering the biggest loss. Volume grew to 595 million shares worth...
The local stock market dropped further as the peso weakened prior to expected rate cuts in the US and by the Bangko Sentral ng Pilipinas. The main index lost 32.63 points or 0.50 percent to close at 6,469.08 as Banks continue to lead the retreat while Industrials and Services bounced. Volume was...
The local stock market fell on strong foreign selling as investors wait for the US Federal Reserve and Bangko Sentral ng Pilipnas' (BSP) last policy meetings for the year. The main index plunged by 113.45 points or 1.72 points to close at 6,501.71 with Banks leading the retreat across the board....
The local stock market ended flat as investors continue to wait for the policy meetings of both US Philippine central banks. The main index shed 1.35 points or 0.02 percent to close at 6,615.16 with the Mining sector suffering the biggest loss while Banks and Conglomerates advanced. Volume declined...
The local stock market ended the week lower as investor sentiment was weighed down by the decline in US bourses. The main index dropped 24.84 points or 0.37 percent to close at 6,616.51 as Conglomerates fell although sectoral indices were evenly mixed. Volume declined to 1.2 billion shares worth...
