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...
Tensions in the Middle East are 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...
The number of initial public offerings is expected to surge next year as the expected decline in interest rates increases the attractiveness of equities versus fixed-income securities. In an interview at the sidelines of the EJAP-AboitizPower Renewable Energy Forum, BDO Capital and Investment...
The PSEi saw its gains peter out in late trades as investors exercise caution amid growing tensions in the Middle East. The main index shed 13.89 points or 0.19 percent to close at 7,388.92 with sectoral indices equally split. Volume rose to 1.01 billion shares worth P7.38 billion as gainers beat...
The local stock market improved as investor sentiment continues to be buoyed by expectations of lower inflation and more rate cuts. The main index added 22.49 points or 0.30 percent to close at 7,402.81 with the Mining sector leading the advance although the Industrial and Property counters were in...
The local stock market recovered most of the previous day’s losses following the release of positive economic data and outlook. The main index jumped 107.67 points or 1.48 percent to close at 7,380.32 led by the strength of the Property sector. Volume dipped though, to 1.13 billion shares worth...
The local stock market fell on continued profit-taking as investors wait for key economic data to be released later this week. The main index plunged by 155.65 points or 2.1 percent to close at 7,272.65 with Conglomerates suffering the biggest loss. Volume was still strong at 1.08 billion shares...
The local stock market is seen to remain bullish and try to breach the 7,500 level this week although there will continue to be bouts of profit-taking—making it more volatile. While the Philippine Stock Exchange is already in a bull market, Philstocks Financial Research Manager Japhet Tantiangco...
While US bourses hit new highs, the PSEi eased lower on some profit-taking as it gathers more momentum before trying to breach the 7,500 level. The main index shed 30.44 points or 0.41 percent to close at 7,428.30 with Banks being the main drag as Industrials was flat while most sectors actually...
