The local stock market dropped after after hitting strong resistance at the 7,000 level. The PSEi lost 47.78 points or 0.69 percent to close at 6,920.36 as Holding Firms and Mining stocks led the decline while the Services counter continued to buck the trend. 32465 Volume surged with the listing of...
RL Commercial REIT, Inc. (RCR), the real estate investment trust of Robinsons Land Corporation, successfully listed its shares at the Philippine Stock Exchange with its share price holding steady amid a weaker market. 32437 RCR makes history as the Philippines’ largest publicly-listed REIT with a...
The local stock market started the week flat while waiting for cues here and from overseas. The main index inched down 2.37 points or 0.03 percent to close at 6,968.14 with only the Services counter advancing while the Property sector led the retreat. 32210 Volume was low at 1.75 billion shares...
The local stock market regained the previous day’s losses amid guarded optimism over the COVID situation. The main index rose 46.49 points or 0.67 percent to close at 6,970.51 with gains led by the Services and Mining and Oil counters while the Financials sector was the only one that retreated....
The local stock market gave way to some profit-taking after rallying for the past trading days. 31443 The PSEi shed 25.37 points or 0.37 percent to close at 6,924.02 although only the heavyweight Holding Firms and Services counters weakened. Volume dropped to 920.41 billion shares worth P4.39...
AC Motors, the automotive arm of the Ayala Corp. conglomerate, aspires to become a pioneer in new energy vehicles sector and preeminent auto group in the country through disruptive technologies four years from now or by 2025 through disruptive technologies. 31456 31456 AC Industrials Chairman and...
The local stock market managed to rise despite the government’s backtracking on its decision to ease quarantine restrictions. The main index climbed 36.68 points or 0.53 percent to close at 6,949.39 as the Services sector led the advance while the Mining and Oil counter was the only one that was...
The local stock market moved up as investors ignored higher than expected inflation data and focused on the lower jobless rate and the easing of quarantine restrictions. The main index rose 35.61 points or 0.52 percent to close at 6,912.71 although sectoral indices were evenly mixed with the...
The local stock market took a breather from its climb last week while cautious investors locked down gains prior to the announcement of the new quarantine classification. The main index shed 20.03 points or 0.29 percent to close at 6,877.10 although only the heavyweight Holding Firms and Services...
This week, stock market investors will be watching out for three key government announcements on the quarantine classification as well as the latest inflation and unemployment data. “The local bourse may take cues from the government’s decision regarding the quarantine classifications of the...
The local stock market ended the week higher on perception that the surge in new COVID cases seems to be easing. The PSEi added 62.47 points or 0.91 percent to close at 6,897.13 with blue chip Holding Firms leading the charge although thr Services and Mining and Oil counters declined. 30307 Volume...
The local stock market declined due to weaker factory output In August as a result of stricter lockdown measures. The main index dropped 69.5 points or 1.01 percent to close at 6,785.94 although the Financials and Mining and Oil counters managed to hold their ground even as the Property sector led...
