Stock investors are seen to remain cautious, despite last week’s strong performance, and will continue to watch for developments related to US trade and tariff negotiations although the start of the first quarter earnings season may inject some life into the local mark” “The local market rose...
The Philippine Stock Exchange index (PSEi) edged higher, buoyed by gains in US markets, a strengthening peso, and positive corporate earnings. The benchmark index climbed by 22.89 points or 0.37 percent to finish at 6,168.48 on Wednesday, April 23, although sectoral indices showed a mixed...
The PSEi dropped on profit-taking as investors held on to cash ahead of the Lenten break. The main index fell by 57.50 points or 0.93 percent to close at 6,128.60 as the Services counter led the retreat while only Miners managed to advance. Volume remained thin at 951 million shares worth P4.21...
The PSEi continued to advance as investors are encouraged by hopes of a rate cut and the possibility of a deal for better tariff rates with the US. The main index added 40.58 points or 0.66 percent to close at 6,186.10 as Industrials led the charge with only Miners slightly down. Volume...
The local stock market rose at the start of the three-day trading week as bargain hunters were emboldened by gains in US bourses last Friday. The main index jumped by 63.08 points or 1.04 percent to close at 6,145.52 as the Services sector led the advance with only Banks in the red. Volume...
While conditions are rosy at the domestic front, cautious trading is expected at the local stock market as investors would not want to leave their bets during the Lenten break, wary that global markets remain restive and another tweak in US tariff policy can sent global markets into another...
As United States (US) President Donald Trump’s tariffs will continue to weigh down global equities markets this week, the Philippine Stock Exchange will not be an exception, although traders are hoping that low valuations and a possible rate cut by the Bangko Sentral ng Pilipinas (BSP) will spur...
Local share prices fell further as investors around the world fear that Trump’s tariffs will plunge the global economy into recession. The PSEi lost 61.54 points or 1.00 percent to close at 6,084.19 with the Mining and Services counters suffering the most. Volume surged to 1.72...
The PSEi fell in a knee-jerk reaction to the higher tariffs slapped by the United States (US) on products from the Philippines. The main index lost 101.95 points, or 1.63 percent, to close at 6,145.73, with the retreat led by the services sector, while miners managed to advance as investors bought...
The PSEi rose further as investors continued to bet on a policy rate cut on expectations of a low inflation print for March. The main index jumped 66.96 points or 1.08 percent to close at 6,247.68 as Banks surged while only the Industrial counter retreated. Volume amounted to 1.31 billion shares...
The local stock market has turned bearish again following jitters caused by US tariff plans which are seen to continue hounding the bourse although sentiment may change depending on March inflation numbers that will be released late this week. “We still see global economic outlook concerns caused...
The PSEi inched up on some bargain hunting as well as window-dressing with the first quarter about to end. The main index added 7.93 points or 0.13 percent to close at 6,147.44 with sector indices evenly mixed. Volume fell to 1.54 billion shares worth P3.41 billion as gainers outnumbered...
