The local stock market bounced from last Friday’s steep drop but lost most of its intraday gains as investors remain cautious ahead of the release of US economic data and the Fed meeting. The main index added 30.97 percent or 0.45 percent to close at 6,853.29, after rising above the 6,900 level...
After the PSEi broke its 7-week rally while failing to breach the 7,000 resistance level, the local stock market is seen to wait for fresh cues from the Federal Reserves meeting this week (March 19-20). “Last week’s drop opens doors for bargain hunting opportunities. However, a strong rally...
The local stock market fell due to less than favorable US economic data which further supported growing concern that interest rate cuts are not coming soon. The main index plunged by 145.64 points or 2.09 percent as the Property sector led the retreat while the Mining and Oil counter was the only...
The local stock market moved sideways with a downward bias but managed to end a few points higher on late bargain-hunting. The main index inched up by 2.45 points or 0.04 percent to close at 6,967.96 although only Conglomerates and Property firms advanced. Volume rose further to 891 million shares...
The local stock market jumped on continued bargain hunting as sentiment was boosted by gains in the US. The main index rose by 85.92 points or 1.25 percent to close at 6,965.51 as the Property sector led the rally across the board. Volume grew to 700 million shares worth P6.47 billion as gainers...
The local stock market inched up mainly due to the jump in the share price of index heavyweight PLDT plus some bargain hunting. The main index added 7.35 points or 0.11 percent to close at 6,879.59 as the Services sector led with a 2.04 percent gain which offset the decline of Banks and...
The local stock market lost the bulk of last Friday’s gains after US bourses closed lower. The main index fell 69.97 points or 1.01 percent to close at 6,872.24 as the Property sector led the retreat across the board. Volume dropped to 507 million shares worth P3.76 billion as losers trounced...
While selling pressures remain after a 7-week rally, the local stock market is seen to remain bullish and may again try to breach the 7,000 level especially if US inflation data as well as local corporate earnings, remittances and foreign direct investments figures boost investor sentiment....
The local stock market dropped on signs that interest rates in the US and Philippines are not going to be cut soon as many investors had hoped. The main index lost 41.20 points or 0.60 percent as the rate-sensitive Property sector led the retreat while the Services counter managed to advance. A...
The local stock market weakened further, weighed down by the performance of US stocks and the higher Philippine inflation numbers for February. The main index shed 26.92 points or 0.39 percent to close at 6,878.54 as the Industrial sector led the retreat while Banks managed to buck the trend....
Local share prices dropped after the government reported that inflation rose higher than expected last month. The main index lost 46.21 points or 0.66 percent to close at 6,905.46 as Banks led the retreat while Conglomerates advanced. Volume was still firm at 425 million shares worth P5.37 billion...
Positive news from the US boosted local stocks although the Philippine Stock Exchange Index (PSEi) again failed to hold above the 7,000 level. The main index added 32.08 points or 0.46 percent to close at 6,951.67, boosted by gains of the Services and Property sectors. Volume was firm at 530...
