The local stock market finally took a breather from its strong rally while investors wait for cues from the US Federal Reserve. The main index dropped 44.14 points or 0.64 percent to close at 6,900.62 with the Property sector leading the retreat while Industrials managed to advance. Volume...
The local stock market is seen to continue riding on optimism this week due to the Bangko Sentral rate (BSP) cut and expectations that the US Federal Reserve may start reducing rates by September. Philstocks Financial Research Manager Japhet Tantiangco said that, while the local market had a good...
The local stock benchmark surged past the 6,800 level after the Bangko Sentral finally cut the key policy rate after months of market speculation. The main index leaped by 165.53 points or 2.47 percent to close at 6,858.44 as the Services sector led the rally across the board. A total of 629...
The local stock market rose further as investors digested a slew of corporate earnings reports while waiting for the Monetary Board’s policy meeting on Thursday. The main index rose by 54.52 percent or 0.82 percent to close at 6,704.96 as the Property sector led the advance across the board....
Investors in the local stock market will eagerly wait for the result of the Monetary Board’s policy meeting and the release of US inflation numbers this week, which will determine whether last week’s rebound will be sustained. “Next week, the Bangko Sentral ng Pilipinas’ monetary policy...
The local stock market surged on stronger volume as investors continued to cheer the strong growth of the country’s economy. The main index jumped 98.53 points or 1.50 percent to close at 6,647.80 as the Mining and Oil sector led the rally across the board. Volume rose to 857 million shares worth...
The local stock market rebounded with its regional peers following gains in US bourses. The main index jumped 101.93 points or 1.58 percent to close at 6,535.17 as the Property sector led the rally across the board. Volume dipped to 543 million shares worth P4.9 billion as gainers outnumbered...
The local stock market ended flat despite some early bargain-hunting after the announcement of the July inflation numbers. The main index shed 1.49 points, or 0.02 percent, to close at 6,433.24, with sectoral indices evenly split. Volume dipped to 419 million shares worth P5.12 billion. Losers...
The local stock market plunged with other regional bourses on growing fears of a US recession. The main index fell 170.57 points or 2.58 percent to 6,434.73 with the Industrial and Property sectors leading the retreat across the board. Volume rose to 638 million shares worth P5.64 billion as losers...
Local stocks are seen to be ripe for bargain hunting during the first week of the Chinese Ghost Month, but investor sentiment will be swayed mainly by a slew of important economic data and corporate earnings reports. “The local market is still deemed to be undervalued and, with the two-week...
Local share prices jump on hopes that the Fed will cut rates in September. The main index rose by 74.74 points or 1.13 percent to close at 6,693.83 with Banks leading the charge. However, volume was low at 450 million shares worth P4.39 billion as gainers beat losers 104 to 75 with 50 unchanged....
The local stock market pauses from its recent slide as investors anticipate that interest rate cuts are coming soon. The PSEi added 12.73 points or 0.19 percent to close at 6,619.09 with the Mining sector leading the advance while the Property counter lagged behind. Volume rose to 421 million...
