While there is already some selling pressure, the local stock market is seen to retest the 7,000 resistance level this week as sentiment remains bullish on the back of good economic numbers. Philstocks Financial Research Manager Japhet Tantiangco said, “the local market remained bullishly...
The local stock market closed slightly lower as some investors locked in gains made during the week. The main index shed 8.92 points or 0.13 percent to close at 6,873.23 with sectoral indices evenly divided. Volume was low at 1.48 billion shares worth P4.58 billion as gainers edged out losers 85 to...
The local stock market moved up on the back of higher US equities while investors were optimistic about the result of the central bank’s Monetary Board policy meeting. The PSEi added 27.62 points or 0.40 percent to close at 6,882.15 as Industrials led the advance while the Property sector was the...
The local stock market ended slightly higher despite a weak start as investors wait for results of the Bangko Sentral ng Pilipinas (BSP) policy meeting. The main index added 26.61 points or 0.39 percent to close at 6,854.53 with the Industrial sector posting the highest gain while the...
The local stock market recovered the previous day’s loss as investor sentiment got a boost from the higher foreign direct investments data for November. The main index added 20.10 points or 0.30 percent to close at 6,872.92 as Industrials led the advance. Volume improved a bit to 557 million...
Investors took profits from the local stock market after last week’s rally while waiting for a fresh batch of Philippine and US economic news. The main index dropped 42.34 points or 0.62 percent to close at 6,807.82 as the Property sector led the decline with only the Services counter...
The local stock market will be looking for cues from fresh corporate earnings reports and the US inflation data this week, even as some profit-taking is expected after the recent rally fueled by the low inflation rate and expectations of rate cuts later this year. “The local market continues to...
Investors in the local stock market will be looking out for the government’s release of the inflation and employment numbers which may determine whether the Philippine Stock Exchange Index (PSEi) can stay above the 6,700 level. “An inflation print (for January) lower than December 2023’s 3.9...
The local stock market bounced back as sentiment got a boost from upbeat US stocks while local investors anticipate a lower inflation rate for January. The PSEi jumped by 84.24 points or 1.27 percent to close at 6,707.25 as Banks led the rally although the Property sector retreated. Volume rose 448...
The local stock market slipped on signals from the US Federal Reserve that rate cuts may come later than March. The main index lost 23.43 points or 0.35 percent to close at 6,623.01 as the Mining and Oil counter led the retreat while Banks bucked the trend. Volume dropped to 280 million shares...
The tide may finally turn for the Philippine Stock Exchange index (PSEi) which is forecast by Philstocks Financial to grow 8.51 percent to 18.84 percent this year on the back of robust economic growth, lower inflation, stronger peso, and interest rate cuts. Philstocks Research Head Japhet...
The local stock market dipped as investors wait for tomorrow’s announcement of the country’s last gross domestic product report for 2023. The main index shed 8.67 points or 0.13 percent to close at 6,622.01 with sectoral indices evenly mixed. Volume was still low at 550 million shares worth...
