Local share prices declined further as investors wait for more news that will point to when interest rates will start going down. The main index dropped 42.87 points or 0.64 percent to close at 6,606.36 as Banks continued to lead the retreat while the Industrial and Services sectors recovered some...
Local share prices fell on profit-taking following gains made last week. The main index lost 76.78 points or 1.14 percent to close at 6,649.23 as Banks led the retreat while Industrials managed to buck the trend. A total of 658 million shares worth P5.06 billion changed hands as losers beat gainers...
Stocks market investors will be looking mainly towards the US Federal Open Market Committee meeting and corporate earnings reports for cues this week even as there remains more room for bargain-hunting amid improving trading data. “The local market has already exhibited a golden cross as its...
The PSEi ended the week on positive footing after Typhoon Carina finally left the country. The main index rose by 55.74 points or 0.84 percent to close at 6,726.01 led by the Property sector with only Miners in the red. However, volume remained tepid at 924 million shares worth P4.37 billion as...
Local share prices fell in the aftermath of Typhoon Carina even as sentiment was also dampened by weaker US markets. The main index lost 82.85 points or 1.23 percent to close at 6,670.27 as Miners led the drop across the board. Volume was weak at 553 million shares worth P3.98 billion as losers...
The local stock market rose after President Ferdinand R. Marcos Jr.’s State of the Nation Address despite the drop in property stocks due to the announced POGO ban. The main index rose by 41.07 percent or 0.61 percent to close at 6,753.12 as Conglomerates led the advance while the Property and...
The local stock market dropped on profit-taking, prompted partly by the withdrawal of US President Joe Biden as candidate for reelection later this year. The PSEi lost 79.64 points or 1.17 percent to close at 6,712.05 with the Services sector leading the retreat while the Property and Mining...
Sentiment at the local stock market is still seen to be buoyed by expectations of a rate cut although some stocks may be vulnerable to profit-taking following recent gains. “We continue to see a build up in positive momentum for the local bourse as it extends its rally to a fourth straight week....
The local stock market edged up on cautious trading, bringing the PSEi back to the 6,700 level as the peso strengthened against the US dollar. The main index rose by 17.30 points or 0.26 percent to close at 6,705.01 as Banks led the advance although half of the sub-indices retreated. Volume was low...
The PSEi gained on higher US stocks and stable economic forecasts for the Philippines. The main index added 20.62 points or 0.31 percent to close at 6,687.71 with Miners rallying although sectoral indices were evenly mixed. Volume dipped to 694 million shares worth P4.22 billion as...
By James A. Loyola The local stock market ended weaker after some gains early in the day after investors started pocketing profits. The main index lost 22.28 points or 0.33 percent to close at 2,697.04 with Banks leading the retreat. Volume was firm at 352 million shares worth P5.41 billion as...
The local stock market ended the day higher but below the 6,700 level which it breached in the morning, as investors anticipate rate cuts in the US and Philippines. The Philippine Stock Exchange index (PSEi) added 41.14 points or 0.62 percent to close at 6,689.37 with the Property sector leading...
