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...
Despite stock prices falling to bargain levels, the market remains bearish amid concerns about the weaker peso, potential US interest rate cuts, and US policies under the new political leadership. “The local market’s technical indicators continue to show a bearish bias, with the bourse falling...
The local stock market finally pulled away from its seven-day dive after investors found bargain prices too hard to resist. The main index jumped 119.56 percent or 1.82 percent to close at 6,676.65 as Industrials and Banks led the rebound although Conglomerates got left behind. Volume was firm at...
Local share prices plunged as the Philippines faces headwinds including a weaker peso, lower foreign investments, and slower economic growth. The main index fell 129.9 points or 1.87 percent to close at 6,810.11 with the Property and Services sectors leading the retreat across the board. Volume...
The local stock market continues its bearish trend, breaking below the 7,000 support line, but, cheaper prices and the prospect of a rate cut may encourage buying activity while investors await foreign direct investment and remittance data. "Foreign funds have been exiting the market, and technical...
The Philippine Stock Exchange index (PSEi) declined to close the week below the 7,000 support level as investors continued to sell local stocks due to concerns regarding the implications of a Trump presidency and slower economic growth. The main index dropped by 37.26 points, or 0.53 percent,...
The local stock market plunged after the government reported slower-than-expected growth for the Philippine economy and Donald Trump won the US presidential race. The main index fell by 150.98 points, or 2.11 percent, to close at 7,014.44, with the Property sector still leading the decline,...
The local stock market fell due to a possible Trump win in the US elections. The main index lost 92.52 points or 1.27 percent to close at 7,165.42 with the retreat led by the Property sector. Volume dipped to 1.33 billion shares worth P4.58 billion as losers beat gainers 105 to 83 with 49...
The local stock market surged on news that the inflation rate in October did not rise higher than expected. The main index jumped 121.84 points or 1.71 percent to close at 7,257.94 with the Property sector leading the rally. Volume was still weak though at 1.03 billion shares worth P4.97 billion as...
The local stock exchange traded sideways as investors wait for the US elections and Federal Reserve meeting. The main index shed 6.86 percent or 0.10 percent to close at 7,136.10 with the Mining counter posting the steepest drop while Conglomerates and Services improved. Volume was low at 588...
While the recent market decline has brought share prices to attractive levels which may spark some bargain-hunting, stock market investors are seen to be wary due to the US elections and the release of the October inflation data. “The local market has exhibited bearish movements in last week’s...
The PSEi plunged to the 7,100 level as investors cashed out amid uncertainties due to the upcoming US elections and fears of higher Philippine inflation. The main index fell 137.28 points or 1.89 percent to close at 7,142.96 as Banks led the retreat although the Property and Mining counters were in...
