While the PSEi is still on a bullish trend, share prices may be weighed down this week by weaker sentiment due to the higher-than-expected US inflation rate which may delay expected rate cuts. “Technicals remain bullishly biased with its 50-day exponential moving average about to cross its...
The local stock market ended the week higher despite the higher US inflation rate for December. The main index added 29.45 points or 0.45 percent to close at 6,643.18 as the Services sector led the advance while Banks and Miners retreated. Volume was stable at 362 million shares worth P5.64 billion...
Local share prices bounced after investor sentiment was boosted by stronger US equities on hopes of lower US inflation rate for December. The main index jumped 67.62 points or 1.03 percent to close at 6,613.73 with Banks leading the charge although the Services counter lagged behind. Volume settled...
The local stock market lost most of the day’s gains as investors took profits, but the index still ended in positive territory. The main index added 9.30 points or 0.14 percent to close at 6,618.52 mainly on gains of Banks as more sectoral indices retreated. Volume improved to 405 million shares...
The local stock market took a breather as investors digested recent gains while waiting for fresh economic data here and from overseas. The main index shed 20.42 points or 0.31 percent to close at 6,609.22 as Conglomerates led the decline while the Property and Industrial counters managed to remain...
This week, investors in the local stock market will seek fresh catalysts to support the uptrend in share prices and will be looking out for the US inflation rate as well as the Philippine labor and foreign direct investments data. “The market has been on an uptrend since bottoming last October...
The local stock market declined as investors were quick to take profits from the previous day’s rally. The main index dropped 55.16 points or 0.84 percent to close at 6,498.88 as Banks led the slide across the board. Volume thinned further to 182 million shares worth P3.11 billion as gainers...
The PSEi opened the new trading year with a bang as optimistic investors trickled back into the market. The main index surged 104 points or 1.61 percent to close the first trading session at 6,554.04 as Conglomerates and Services rallied to offset the decline of the Property and Mining counters....
The local stock market is not seen to start strong on the first trading week of the new year as investors wait for fresh economic data that will hopefully serve as catalysts for a rally. “Investors may start 2024 still on a cautious note as there remains no catalyst for the local bourse....
Investors in the local stock market have reason to be guardedly optimistic about 2024 following a lackluster trading in 2023. “The expected improvement in macroeconomic indicators are poised to drive market conditions in 2024,” said Philippine Stock Exchange (PSE) President and CEO Ramon S....
The local stock market fell on its last trading day of the year as investors preferred to hold on to cash during the long weekend. The PSEi lost 69.07 points or 1.06 percent to close at 6,450.04, dragged down by Conglomerates which fell 3.41 percent. Volume rose to 1.12 billion shares worth P4.88...
The Philippine stock market has been underperforming against its regional peers as of mid-December as the local bourse has been seeing weak trading volumes while foreign funds continued to leave. According to Philstocks Financial Research Manager Japhet Tantiangco, “as of December 15, 2023, the...
