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...
The Philippine Stock Exchange index (PSEi) started the week stronger as investors continued bargain hunting after last week’s plunge. The main index added 37.64 points or 0.59 percent to close at 6,470.74 on the strength of Banks although sectoral indices were evenly split. Volume increased to...
This week, stock market investors will be waiting for the release of the May inflation numbers as well as the labor market data while also keeping an eye on the peso-US dollar exchange rate. Philstocks Financial Research Manager Japhet Tantiangco said that there may also be some bargain-hunting as...
The PSEi bounced from its major support level of 6,400 after bargain hunters started picking up battered stocks. The main index rose by 61.35 points to 0.96 percent to close at 6,433.10 as the Services counter surged although Banks and Conglomerates continued to fall. Volume jumped to 1.22 billion...
The PSEi continues its downward trend, this time falling below the 6400 level after higher US Treasury yields pulled down the Peso. The main index shed 39.66 points or 0.62 percent to close at 6,371.75 as the Property sector led the retreat while Conglomerates managed to advance. Volume rose to 666...
The PSEi (Philippine Stock Exchange index) continued to fall as investor sentiment was further weighed down by concern that high interest rates will prevent the local economy from hitting growth targets. The main index plunged 89.93 points or 1.38 percent to close at 6,411.41 led by the losses of...
The local stock market fell as investors believe the Bangko Sentral ng Pilipinas will still not slash interest rates in the third quarter. The main index dropped 70.26 points or 1.07 percent to close at 6,591.34 as the interest rate sensitive Property sector led the retreat while Banks and Miners...
The local stock market continued to decline as foreign investors sell out amid on belief that US rate cuts will be delayed. The main index dropped 48.29 points or 0.73 percent to close at 6,571.60 as the Mining and Oil sector led the retreat while the Industrial counter bucked the trend. A...
The local stock market ended the week lower as sentiment was dragged down by the steep drop in US bourses. The main index lost 40.1 points or 0.60 percent to close at 6,619.89 led by the drop of the Property sector while Services managed to advance. Volume shrank to 557 million shares worth P4.47...
The PSEi bounced back amid some bargain hunting although trading was mixed as concerns over inflation linger. The main index rose by 52.77 points or 0.80 points to close at 6,659.99 as Conglomerates led the advance but the Services and Mining sectors retreated. Volume was higher at 791 million...
Peso continues to weigh on stocks The local stock market dropped further as investors wait for fresh economic data while sentiment is dampened by the continued weakness of the Philippine peso. The main index shed 26.44 points or 0.40 percent to close at 6,607.22 as Banks led the decline while...
