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...
The local stock market declined after sentiment was dampened by the fall of the peso to the P58 to a US dollar level. The main index lost 49.12 points or 0.74 percent to close at 6,633.66 as the Property sector led the retreat while the Services counter bucked the trend and advanced. Volume rose to...
The local stock market rose as sentiment was boosted by gains in US bourses last Friday. The main index rose 64.09 percent or 0.97 percent to close at 6,682.78 as the Mining counter surged to lead the advance across the board. A total of 513 million shares worth P5.8 billion changed hands as...
The local stock market has turned more optimistic with robust first quarter corporate results, below-expected April inflation data in the US, and hopes of policy easing cues from the Bangko Sentral ng Pilipinas. “At its current level, the local market is still deemed to be attractive. Hence,...
Lower than anticipated inflation in the US for April boosted local stocks as investors again raise their hopes for an interest rate cut. The main index jumped 69.57 points or 1.06 percent to close at 6,628.20 as the interest rate sensitive Property sector surged while Banks declined. Volume rose to...
The local stock market dropped as investors exercised caution ahead of the Bangko Sentral ng Pilipinas meeting in Thursday. The main index lost 49.73 points or 0.75 percent to close at 6,558.63 as Conglomerates led the retreat with only the Industrial sector advancing. Volume improved to 464...
The local stock market was slightly higher as investors wait for the US inflation numbers and results of the Bangko Sentral policy meeting. The main index eked out a 4.11 point or 0.06 percent gain with sectoral indices evenly split. Volume amounted to 498 million shares worth P4.92 billion as...
The local stock market bounced on strong investments data and hope for lower US inflation numbers. The main index jumped 92.32 points or 1.42 percent to close at 6,604.25 as the Services banking sectors surged. Volume was hefty at 947 million shares worth P11.01 billion as gainers beat losers 118...
The local stock market plunged after the government announced lower-than-expected GDP figures for the first quarter. The main index fell 116.72 points or 1.75 percent to close at 6,542.46 as Conglomerates led the retreat although the Industrial counter managed to advance. Volume was higher at 491...
The local stock market advanced on positive trade and employment data. The main index rose by 40.60 points or 0.61 percent to close at 6,659.18 although sectoral indices were evenly divided. Volume improved to 434 million shares worth P5.98 billion as gainers outnumbered losers 99 to 91 with 40...
The local stock market weakened after the government reported that the inflation rate rose again in April. The main index shed 33.91 points or 0.51 percent to close at 6,618.58 with sectoral indices evenly divided. Volume jumped to 7.9 billion shares worth P11.5 billion as losers beat gainers 98 to...
The local stock market rose a day before the government releases the April inflation data as upbeat first quarter corporate results start trickling in. The main index hiked 36.94 points or 0.56 percent to close at 6,652.49 led by the Industrial sector while the Property counter remained weak....
