With the Christmas season in full swing, the local stock market is seen to gather optimism from hopes of rates cuts by both the Federal Reserve and the Bangko Sentral ng Pilipinas this month. “The local market was able to bounce back last week and close at the 6,700 - 6,800 support range. This...
The local stock market recovered the previous day’s loss as investors see inflation keeping within the Bangko Sentral ng Pilipinas’ target range despite rising faster last month. The main index rose by 39.37 points or 0.57 percent to close at 6,729.14 as Conglomerates led the advance while...
Local share prices eased for the third straight day due to the higher inflation rate for November. The main index dropped 39.19 points or 0.58 percent to close at 6,690.77 as the Services sector led the retreat while Conglomerates and Miners bucked the trend. Volume was lower at 863 million shares...
The local stock market benchmark ended marginally lower again as investors wait for the release of Philippine inflation numbers for November. The main index inched down by 4.25 points or 0.06 percent to close at 6,729.96 although only Conglomerates and Miners were in the red. Volume rose to 494...
The PSEi dipped as investors continue to wait for cues from the upcoming release of economic data this week. The main index shed 8.68 points or 0.13 points to close at 6,734.21 as Conglomerates led the decline while the Services and Mining counters advanced. A total of 492 million shares worth...
The local stock market is expected to move sideways this week as stocks are at bargain levels, but negative sentiment ahead of inflation data could still impact prices. “With the market at attractive levels, we may see some instances of bargain hunting. However, we expect lingering concerns to...
Share prices plunged again as the market remains volatile, this time as investors worry about the plan of incoming US President Donald Trump to slap fresh tariffs on imports. The main index fell 104.27 points or 1.53 percent to close at 6,702.59 with Conglomerates suffering the biggest loss. Volume...
The local stock market remains bearish as its rally last week was seen as just a dead cat bounce, not based on a change in sentiment. “Inflationary pressure and geopolitical risks are starting to permeate global markets more deeply; central banks are becoming less aggressive on previously...
The local stock market dropped on concern over the weaker peso and the escalation of the war between Russia and Ukraine. The main index fell 82.88 points or 1.21 percent to close at 6,780.13 with Conglomerates leading the retreat while Miners bucked the trend. Volume fell to 605 million shares...
The PSEi continues to rally following last week’s steep dive and is now close to the 7,000 level as the central bank said its rate cut plan is unchanged while investors are more upbeat now with US-Philippine relations under incoming President Trump. The main index surged by 172.44 points or 2.53...
The PSEi has risen back to the 6,800 level as investors continue picking up bargains while digesting last week’s corporate results. The main index added 41.84 points or 0.62 percent to close at 6,803.19 with the Services sector leading the advance while Conglomerates lagged behind. Volume dipped...
Local share prices rose further as investors continued to pick up bargains. The main index added 84.70 points or 1.27 percent to close at 6,761.35 as Conglomerates led the advance while Industrials, Services, and Miners declined. Volume was firm at 696 million shares worth P5.78 billion as...
