The local stock market closed the week higher as investor sentiment remains upbeat amid expectations of a rate cut following the decline in the US inflation rate. The Philippine Stock Exchange index added 38.99 points, or 0.59 percent, to end at 6,648.23. The Services sector led the advance, while...
Local share prices jumped back after the previous day’s contraction as investors continued to bet on a rate cut. The main index surged 119.89 points or 1.85 percent to close at 6,609.24 with Conglomerates leading the rally. Volume rose to 427 million shares worth P6.80 billion as gainers beat...
Local share prices rose on the back of gains in US stocks due to rate cut hopes. The main index added 27.23 points or 0.42 percent to close at 6,556.66 as Conglomerates led the advance while Banks and Miners retreated. Volume rose to 767 million shares worth P6.74 billion as gainers upset losers 97...
The local stock market may continue to ride higher on news of the lower Philippine inflation and indications of disinflation in the US although investors will still be waiting for the US July inflation report and some local economic data for more cues. “We’re seeing a build-up of upward...
The Philippine Stock Exchange (PSE) edged lower as investors took profits before the bourse closed for the weekend. The PSE index shed 14.74 points or 0.23 percent to close at 6,492.75 with sectoral indices evenly divided. Volume decreased to 455 million shares worth P4.24 billion as losers...
Local share prices jumped on news that the US Federal Reserve believes is seeing progress in efforts to control inflation. The main index rose by 91.07 points or 1.43 percent to close at 6,450.03, with Banks leading the charge while Miners still retreated. However, volume was still tepid at 263...
The local stock market dropped further as investors continued to wait for market-moving news, particularly those related to possible interest rate cuts, both here and in the US. The main index lost 39.81 points or 0.62 percent to close at 6,358.96 as Banks led the retreat. Volume improved but...
Investors in the local stock market will be watching out for the release of June inflation numbers for cues this week although follow through buying may keep stocks buoyant after the Bangko Sentral’s statements gave sentiment a boost. “This week, investors are expected to watch out for the...
The local bourse closed the week on a positive note as investor sentiment got a boost from expectations of a local interest rate cut. The main index added 21.33 points or 0.33 percent to close at 6,411.91 as Conglomerates led the advance while banks and miners retreated. Volume improved to 1.16...
The local stock market inched up as investors continued to slowly pick up bargains. The main index added 14.06 points or 0.22 percent to close at 6,313.11 led by the advance of the Services sector while Conglomerates and Miners retreated. Volume improved to 323 million shares worth P4.91 billion as...
The Philippine Stock Exchange Index (PSEi) added to the previous day’s gains on the back of more bargain hunting and window dressing. The main index rose by 26.59 points or 0.42 percent to close at 6,299.05 as the Services sector led the advance while Conglomerates and Industrials retreated....
The local stock market finally bounced after its eight-day fall as investors started bargain-hunting. The main index jumped 113.98 points or 1.85 percent to close at 6,272.46 as the Property sector led the rally while Miners still lagged behind. Volume was a little better than average at 356...
