Local stock market bulls will be looking at the start of the earnings season for more steam to continue its run after hitting a wall at the 7,400 to 7,500 as the weakening of the Peso together with offshore uncertainties weigh on sentiment. “With the local market still deemed to be attractive, we...
The local stock market ended the last trading day of the week with a slight uptick with investors looking forward to the start of the season for the release of third quarter earnings reports. The main index added 15.40 points or 0.21 percent to close at 7,415.73 with Miners leading the advance...
Local share prices dropped in afternoon trading as investors turn cautious amid global uncertainties after rising in the morning session due to the rate cut. The main index lost 36.67 points or 0.49 percent to settle at 7,400.33 as Conglomerates led the retreat while Banks managed to advance....
The local stock market surged on expectations of another rate cut by the Monetary Board later this week. The main index rallied by 129.90 points or 1.77 percent to close at 7,456.31 as the Property sector led the charge although Miners declined due to lower gold prices. Volume was higher at 553...
The PSEi inched up on some bargain-hunting after last week’s correction and as investors wait for market moving news to be released later this week. The main index added 16.09 points or 0.22 percent to close at 7,326.41 as Miners led the advance with only the Services counter in the red. Volume...
Local stocks will be taking cues from the central bank’s policy meeting but the start of the week may see some bargain-hunting after the market pulled back last week following a rally that lasted five straight weeks. “Trading has toned down as seen in the thinning value turnover and foreigners...
SFA Semicon Philippines Corporation (SSP) has asked the Philippine Stock Exchange (PSE) to suspend the trading of its shares from 9:00 am on Oct. 14 to 9:00 am of Oct. 15, 2024 to give the investing public time to absorb information related to the approval of its planned delisting. The firm...
The Philippine Stock Exchange (PSE) will hold this year’s edition of the Road to IPO on Oct. 22, 2024 for companies planning to raise capital through the equities market. In a statement, the PSE said the event will feature presentations and discussions on what going public entails. The PSE is...
The local stock market fell as investors worry about the possible impact of the higher-than-expected US inflation rate might have on interest rate cuts. The main index dropped 101.15 points or 1.36 percent to close at 7,310.32 with the interest rate-sensitive Property sector suffering the biggest...
The stock market fell back to the 7,400 territory on Wednesday, Oct. 9, as investors resorted to profit-taking prior to the release of the US consumer price index (CPI). The bellwether index dropped by 1.50 percent or 112.73 points to close at 7,424.52 while the wider All Shares declined by 1.08...
The stock market ended firmer on Monday, Oct. 7, as investor optimism was fueled by the significant slowdown in the country’s inflation rate last month. The bellwether index rose by 1.16 percent or 86.76 points to close at 7,554.68 while the broader All Shares grew 1.02 percent or 41.32 points to...
Tensions in the Middle East is threatening to stop the stock market bull in its tracks although the low September inflation may continue to boost investor sentiment as it may lead to lower interest rates and higher consumer spending. Philstocks Financial Research Manager Japhet Tantiangco said...
