Amid confusing macro-economic data here and abroad, the local stock market is seen to trade cautiously as investors wait for more clarity from the Bangko Sentral meeting and release of remittance data later this week. “Next week, cautiousness is expected to prevail in the local market as...
The local stock market bounced from the previous day’s drop as funds adjusted their portfolio after the MSCI rebalancing. The main index added 34.0 points or 0.50 percent to close at 6,876.79 as the Industrial sector led the advance while the Services counter retreated. Volume amounted to 824...
Local share prices dropped again on concern over inflation and the possibility of more interest rate hikes by the US Federal Reserve and the Bangko Sentral ng Pilipinas. The main index fell by 80.29 points or 1.16 percent to close at 6,842.79 with the Industrial sector leading the retreat. Volume...
The local stock market regained some lost ground as investors were cheered by higher US stocks after the Fed cited lower consumer prices. The main index rose by 41.82 points or 0.61 percent to close at 6,923.08 as the Mining and Oil sector led the advance while Conglomerates lagged behind. Volume...
Local share prices dropped further after the government announced a higher-than-expected inflation rate for January. The main index lost 55.35 points or 0.80 percent to close at 6,881.26 with the Services sector seeing the biggest drop while Conglomerates and Miners managed to advance. Volume...
Local share prices fell ahead of the release of the January inflation report and amid concern over further US rate hikes. The main index dropped 90.77 points or 1.29 percent to close at 6,936.61 with the Services sector leasing the retreat across the board. Volume was a hefty 1.24 billion shares...
The local stock market will be steered by the release of corporate earnings and the January inflation report this week as investors look for signs on how the Philippine economy will be faring this year. “This week, investors are expected to take cues from the Philippines’ January consumer price...
The PSEi rose back to the 7,000 level in late bargain-hunting following a week of steep falls and a strong bounce. The main index added 41.19 points or 0.59 percent to close at 7,027.38 as the Property sector led the advance while the Mining and Services counters declined. Volume jumped to 1.9...
The PSEi weakened after the US Federal Reserve announced an expected rate cut which prompted investors to sell rate-sensitive stocks. The main index dropped 49.57 points or 0.70 percent to close at 6,986.19, weighed down by Conglomerates and Property firms while more sectors advanced. Volume...
The local stock market plunged as investors continue to lighten their portfolios before the Fed starts its meeting this week. The main index fell 177.72 points or 2.55 percent to close at 6,793.25 as the Mining and Oil sector led all indices in the retreat. Volume rose to 1.54 billion shares worth...
The local market fell as investors locked in gains while waiting for the US Federal Reserve’s meeting this week. The main index dropped 81.19 points or 1.15 percent to close at 6,970.97 as Miners led the retreat although Banks managed to advance. Volume rose to 1.21 billion shares worth P8.3...
While the local stock market is seen to be consolidating, it will take its cue from the outcome of the US Federal Reserve’s first meeting of the year which will be held this year. “The local market has been moving sideways within the 7,000 - 7,100 resistance range as it is having a hard time...
