The local stock market continued to decline as investors adjust their holdings to the new MSCI index composition. The main index dropped 41.41 points or 0.66 percent to close at 6,223.73 with Conglomerates leading the retreat although Banks and Property stocks managed to advance. Volume...
The local stock market opened the shorter trading week on a positive note as month’s end window dressing started while oil prices weakened. The main index rose by 40.07 points or 0.64 percent to close at 6,309.57 as the Property sector surged to lead the advance while the Industrial and...
The Securities and Exchange Commission (SEC) has allowed the Philippine Stock Exchange Inc. (PSE) to negotiate its planned acquisition of additional shares in Philippine Dealing System Holdings Corporation (PDS Group) despite ownership limits. This developed as the Commission En Banc has...
Despite the market's rise last week, investors are advised to stay cautious as underwhelming trading participation and value turnover continue to test the local market's potential to sustain its rally this week. Philstocks Financial Research Manager Japhet Tantiangco noted, "the local market...
The Philippine Stock Exchange (PSE) reported a 19.9 percent growth in net income to P575.65 million in the first nine months of 2023 from the P480.07 million it generated in the same period last year, on account of higher investment income. In an investors’ briefing, PSE Executive Vic President...
The Philippine Stock Exchange (PSE) announced that it will be hosting its first third quarter Investor Day with nine publicly-listed companies (PLCs) planning to share their respective performances for the period. In a statement, the bourse said the latest batch of listed firms will join the last...
Market participants are on edge as US inflation data and local policy rate announcements for this week are expected to determine the trajectory of the local stock market. According to China Bank Capital Corp. Managing Director Juan Paolo Colet, “after last week’s strong rebound fueled by...
The local market is expected to draw fewer market participants this week amid the three-day trading break on Oct. 30 for the Barangay and Sangguniang Kabataan Elections (BSKE) 2023, and Undas season on Nov. 1 and 2. According to online brokerage firm 2TradeAsia, the drop in the local stock...
The local market sank further as investors continue to disengage due to negative global outlooks. The main index dropped by 48.72 points or 0.80 percent closing at 6,039.72 with all sectoral indices down for the second consecutive day. Total volume of shares traded was 276 million worth...
The local stock market fell at the start of the week as potential interest rate hikes continue to drag out investors’ sentiments. The main index dropped by 54.46 points or 0.86 percent closing at 6,088.44, with all sectoral indices in red, notably the Mining and Oil and Industrial sectors taking...
The local market is forecasted to remain volatile throughout the week as analysts caution investors and traders on oil price pressures and tightening monetary policy. China Bank Capital Corporation Managing Director Juan Paolo Colet said the “increasing US Treasury yields and the volatile...
The local stock market ended the week down as investors are wary of climbing inflation rates in the US. The main index dropped by 76.26 points or 1.23 percent closing at 6,142.90 with all sectoral indices in red, and the Mining and Oil sector severely plummeting by 655.58 points or 6.05...
