The conflict in the Middle East is seen to continue to weigh on the local stock market which is now near its 6,400 support level and showing bearish technical indications. “With last week’s drop, the market is now at even more attractive levels. Hence, episodes of bargain hunting could be seen...
The local stock market added to the previous day’s gains as bargain hunters were emboldened by the support the PSEi found at the 6,400 level. The main index rose by 73.15 points or 1.13 percent to close at 6,523.19 with the Services sector leading the advance while Miners retreated. Volume grew...
The local stock market finally eased from its steep 9-day plunge after bargain hunters stepped in to pick up cheaper stocks. The main index added 45.07 percent or 0.70 percent to close at 6,450.04 as Banks led the advance while the Property counter continued to fall. Volume was lower at 595 million...
The Philippine Stock Exchange index (PSEi) fell through the 6,500 support level to settle just above the 6,400 mark as investors cash out amid uncertainties due to the conflict in the Middle East. The main index plunged 157.46 points or 2.40 percent to close at 6,404.97 as the Services sector led...
The local stock market plunged as investors turned jittery after Iran attacked Israel with hundreds of missiles. The main index fell 96.96 points or 1.46 percent to close at 6,562.43 as Conglomerates led the retreat while the Mining sector bucked the trend. A total of 612 million shares worth P5.58...
With the local stock market on a seven-day losing streak, there may be some bouts of bargain-hunting this week although investor sentiment will continue to be dampened by concern over rising inflation and its impact on interest rates. “The local market turned more bearish as it breached the 6,700...
The local stock market remained below its 6,700 support level as investors continue to sell amid rising exodus of later and less interest rate cuts this year. The main index lost 18.26 points or 0.27 percent to close at 6,659.39 although only the Property and Holding Firms sectors dropped. Volume...
The local stock market fell again as investor sentiment has been dampened by dashed rate cut hopes amid rising inflation. The main index dropped 63.42 points or 0.94 percent as the Property sector led the retreat although Banks and Miners advanced. Volume rose to 747 million shares worth P6.71...
The local stock market extended its losing streak but some bargain-hunting helped the PSEi to recover most of the day’s losses. The main index shed 4.39 points or 0.07 percent to close at 6,741.07 with sectoral indices evenly divided. Volume was low at 572 million shares worth P4.26 billion as...
With investor sentiment turning bearish amid fears that interest rate cuts are not coming soon due to rising inflation, the local stock market is seen to look to the Bangko Sentral ng Pilipinas’ upcoming policy meeting as well as the country's trade data for direction this week. “Sentiment is...
The Philippine Stock Exchange's bellweather fell by more than 200 points on Friday, April 5, from Monday’s level after a four-day losing streak, as investors were spooked by the rising inflation rate and the prospect of a delay in the reduction of interest rates. The main index dropped 81.6...
The local stock market continued to decline due to growing uncertainties in both the global and domestic fronts. The PSEi dropped 36.76 points or 0.54 percent to close at 6,827.06 led by the retreat of the Services sector although Miners and Banks advanced. Volume was weak at 510 million shares...
