While the local stock market managed to get out of its slump with a five-day rally last week, investors may be tempted to pocket some profits, especially in the first couple of days before taking cues from the release of foreign investments and dollar remittances data. “The local market has...
The local stock market rally marked its fifth day, capping a week of recovery with a strong gain as positive corporate earnings and recent economic data supported investor confidence. The main index rose by 78.33 points or 1.26 percent to close at 6,298.29, led by the jump of the services sector,...
The local stock market strengthened as investor sentiment got a boost from easing inflation and a delay in the tariff war started by the United States (US) against Canada and Mexico. The main index surged by 98.19 points or 1.6 percent to close at 6,219.96 as miners led the rally across the board....
Local share prices rose as investor sentiment were buoyed by encouraging inflation numbers for February. The PSEi jumped 57.66 points or 0.95 percent to close at 6,121.77, led by the surge in the property index while the services sector dipped. Volume was strong at 588 million shares worth ₱7.35...
The local stock market rose further as investors picked up cheaper stocks ahead of Wednesday’s announcement of the inflation rate for February. The main index added 26.92 points or 0.45 percent to close at 6,064.11, led by the strength of the mining and banking sectors, while the conglomerate and...
The Philippine Stock Exchange index (PSEi) recovered some ground but settled below the day’s high as investors bet on a lower inflation rate to be announced on Wednesday. The main index added 39.22 points or 0.65 percent to close at 6,037.19 as conglomerates led the advance while the services and...
Despite the turmoil the local stock market is currently going through, stock brokerage Philstocks Financial still expects the Philippine Stock Exchange’s benchmark index (PSEi) to rise to over 1,200 points to the 7,274.49 to 7,620 range by the end of 2025. “We maintain a bullish yet cautious...
The local stock market declined as it continues its see-saw trend amid negative geopolitical factors and generally upbeat corporate results. The main index shed 20.87 points or 0.34 percent to close at 6,124.09 as Miners led the retreat with only Banks managing to advance. Volume rose to 534...
The local stock market bounced after news that the Philippines will continue to receive US aid, while upbeat corporate earnings further lifted investor sentiment. The Philippine Stock Exchange index (PSEi) rallied by 80.80 points or 1.33 percent to close at 6,144.96 on Wednesday, Feb. 26, as Banks...
The local stock market weakened as investor sentiment remains dampened by geopolitical concerns such as US tariffs and discouraging economic and inflation numbers. The main index dropped on Tuesday, Feb. 25, by 31.81 points or 0.52 percent to close at 6,064.16, as conglomerates led the retreat...
The Philippine Stock Exchange index (PSEi) ended almost flat on Monday, Feb. 24, as gains of banks and conglomerates managed to balance losses of other sectors. The main index shed 2.07 points or 0.03 percent to close at 6,095.97 with the industrial and services counters leading decliners. Volume...
The local stock market recovered some lost ground to close the week on a higher level than in the previous Friday. The main index added 31.41 points or 0.52 percent to close at 6,098.04 as the Property sector bounced back to lead the advance while Banks dipped. Volume declined to 1.65 billion...
