The PSEi returned above the 6,600 level as investor sentiment was boosted by the rise in US stocks. The main index added 38.41 points or 0.58 percent to close at 6,621.88 as the Property counter led the advance across the board. Volume inched up to 775 million shares worth P4.76 billion as gainers...
The local stock market is seen to be volatile in the next few weeks while investors wait for the US Federal Reserve meeting at the end of January although general sentiment remains positive amid expectations of rate cuts later this year. “The first US Fed meeting is scheduled for January 30- 31....
The local stock market dipped to end the week lower as investors seek fresh catalysts. The main index shed 7.33 points or 0.11 percent to close at 6,503.54 with sectoral indices evenly split. Volume rose to 301 million shares worth P6.19 billion as gainers outnumbered losers 106 to 65 with 59...
The local stock market dropped closer to the 6,500 level as investors worry that recent economic data may lead to less aggressive rate cuts. The main index fell 61.64 points or 0.94 percent to close at 6,510.87, with the Property and Mining counters leading the retreat. Volume declined to 314...
The local stock market weakened further on news of a lower-than-expected growth of the Chinese economy. The main index fell 64.49 points or 0.97 percent to close at 6,572.51 led by the plunge of the Mining and Oil sector. Volume rose to 590 million shares worth P6.68 billion as losers beat gainers...
The local stock market declined as concerns overseas prompted investors to lock in recent gains. The main index dropped 43.45 points or 0.65 percent to close at 6,637.00 as the Mining and Oil sector led the retreat. Volume was relatively steady at 501 million shares worth P5.98 billion as losers...
The Philippine Stock Exchange (PSE) and Philippine Dealing System Holdings Corp. (PDSHC) cheered the appointment of former Robinsons Land Corporation President and CEO Frederick D. Go as the investment czar of the Marcos administration. In a statement, the PSE and PDSHC said their Board of...
The local stock market continued to rise as investors position for the new year amid rate cut expectations. The main index hiked 37.27 points or 0.56 percent to close at 6,680.45 with the Mining and Oil sector leading the advance. Volume amounted to 460 million shares worth P5.82 billion as...
While the PSEi is still on a bullish trend, share prices may be weighed down this week by weaker sentiment due to the higher-than-expected US inflation rate which may delay expected rate cuts. “Technicals remain bullishly biased with its 50-day exponential moving average about to cross its...
The local stock market ended the week higher despite the higher US inflation rate for December. The main index added 29.45 points or 0.45 percent to close at 6,643.18 as the Services sector led the advance while Banks and Miners retreated. Volume was stable at 362 million shares worth P5.64 billion...
Local share prices bounced after investor sentiment was boosted by stronger US equities on hopes of lower US inflation rate for December. The main index jumped 67.62 points or 1.03 percent to close at 6,613.73 with Banks leading the charge although the Services counter lagged behind. Volume settled...
The local stock market fell as investors used weaker US share prices as an excuse to continue taking profits. The main index dropped 72.41 points or 1.09 percent to close at 6,546.11 as Conglomerates led the retreat with Banks as the only sector mamaging to advance. Volume jumped to 518 million...
