After its steep eight-day fall, the local stock market will now be looking forward to the Monetary Board’s policy meeting later this week as it hopes for a statement that will trigger bargain-hunting among investors. “The local market is seen to be exhibiting a bearish bias… With its decline,...
The local stock market benchmark plunged almost 200 points to its lowest level this year as bearish sentiment prevailed. The main index fell 186.08 points or 2.93 percent to close at 3,158.48 with the Mining sector leading the retreat across the board. Volume rose to 632 million shares worth a...
The PSEi is still on a losing streak, declining as the market suffers from a lack of fresh leads. The main index lost 21.47 percent or 0.34 percent to close at 6,344.56 as Banks and Services led the retreat. Volume was still below average at 328 million shares worth P3.94 billion as gainers...
The local stock market has turned bearish after last week’s plunge but investors are not seen to jump in to pick up bargains this week as they are expected to remain on the sidelines amid an absence of positive catalysts. “The local market declined last week by 2.07 percent. With its decline,...
PH shares continue to fall amid rate cut uncertainty The local stock market inched lower for a full week of decline as investors opted to sit out the long weekend amid uncertainty over future rate cuts. The main index shed 7.13 points or 0.11 percent to close at 6,383.70 with the Mining and...
The local stock market ended below the 6,400 level despite a strong start as investors sold down shares in late trades. The main index lost 19.24 points or 0.30 percent to close at 6,390.83 led by the decline of the Mining and Oil sector while Property and Services managed to advance. Volume rose...
The Philippine Stock Exchange index (PSEi) continued to drop as investors cashed out prior to the midweek holiday while waiting for news from the US Federal Reserve. The main index lost 48.57 points or 0.75 percent to close at 6,410.07 as the Services sector led the retreat. Volume remained weak at...
The local stock market started the weak soft, falling on profit-taking and concern over the US jobs report. The main index lost 60.12 percent or 0.92 percent to close at 6,458.64 with the Mining and Oil sector leading the decline across the board. Volume fell to 282 million shares worth P3 billion...
The local stock market was up by only a few points as investors wait for more catalysts. The main index added 8.90 points or 0.14 percent to close at 6,518.76 led by Banks while Conglomerates were in the red. Volume was higher at 579 million shares worth P5.05 billion aa losers edged out gainers 90...
Local share prices continue to benefit from improved sentiment following the release of May’s inflation number which turned out to be lower than feared. The main index rose by 68.54 percent or 1.06 percent to close at 6,509.86 as the Services sector led the advance although Miners retreated....
The local stock exchange recovered some of the previous day’s losses following gains in US equities and the release of the May inflation data. The main index added 54.90 points or 0.86 percent to close at 6,441.32 with Conglomerates leading the advance while the Industrial and Mining...
The local stock market resumed its downward trend as investors remained jittery over high inflation and the weaker peso. The peso continued to decline further, closing at P58.71 to a US dollar on Tuesday, June 4, 2024 from P58.68 on June 3. The weighted average rate was at P58.681 from...
