The local stock market improved slightly on some bargain-hunting although sentiment was weighed down by rising oil prices. The main index added 16.69 points or 0.27 percent to close at 6,241.69 as Conglomerates led the advance while the Property and Mining counters declined. Volume stayed low...
The local stock market managed to inch up as the higher August inflation rate of 5.3 percent versus 4.7 percent in July was already expected. The main index added 10.32 points or 0.17 percent to close at 6,225.00 as Conglomerates led the advance while Banks and Property firms retreated....
The local stock market ended higher ahead of the Philippine inflation report for the month of August while the US jobs data released last Friday also boosted regional bourses. The main index added 33.62 points or 0.54 percent to close at 6,214.68 as the Property sector led the advance while...
The Philippine Stock Exchange (PSE) reported that its wholly-owned subsidiary, Securities Clearing Corporation of the Philippines (SCCP), has successfully migrated to a shortened settlement cycle of T+2. “This migration is a significant advancement in the domestic capital market and will...
The Securities and Exchange Commission (SEC) is seeking to adopt regional best practices to improve the regulatory environment for short selling at the Philippine Stock Exchange (PSE) with the aim of boosting trading activity. Short selling is the practice of betting on the decline of a...
The earnings growth rate of publicly-listed companies slowed down in the second quarter of 2023 compared to the first three months of the year due to rising inflation and interest rates while the low base effect of the first quarter of 2022 faded. In a study, COL Financial reported that “headline...
Despite the market’s current weakness, BDO Securities Corporation expects the Philippine Stock Exchange index (PSEi) to surge to 7,700 by the end of the year, based on an average earnings growth estimate of 15 percent. The BDO Unibank Inc.’s stock brokerage is urging investors to take advantage...
Stock market investors will be looking to the Philippines’ inflation numbers for August for cues while also monitoring US and Chinese economies for additional motivation. China Bank Capital Corporation Managing Director Juan Paolo Colet said, “this week’s market direction will be shaped by...
The local stock market lost most of the day’s gains but still managed to kick off the new month in the green. The main index inched up 5.81 points or 0.09 percent to close at 6,181.06 with sectoral indices evenly split. Volume jumped to 2.11 billion shares worth P11.51 billion as gainers...
The local stock market plunged as investors took profits on the last day of the month of August amid continuing worries about the economies of the US, China, and the Philippines. The main index fell 120.04 points or 1.91 percent to close at 6,175.25 as the Property counter plummeted while...
The local stock market recovered more ground as encouraging economic news spurred investors to pick up bargains. The main index rose by 70.29 points or 1.13 percent to close at 6,295.29 with Conglomerates leading the charge. Volume dipped to 672 million shares worth P3.97 billion as gainers...
The local stock market rose in late trading as funds start window dressing for the month’s end. The main index jumped 64.39 points or 1.05 percent to close at 6,225 as the Services sector led all indices in the advance. Volume rose to 395 million shares worth P5.63 billion but losers still beat...
