Stocks bounce on bargain-hunting By JAMES A. LOYOLA The local equities market bounced after a series of losses as investors started to pick up cheaper stocks. The main index added 43.85 points or 0.68 percent to close at 6,458.12 with the Services sector leading the advance although Banks lagged...
The local stock market continued to drop on worries over a possible recession in the US. The main index lost 82.23 points or 1.27 percent to close at 6,414.27 with the retreat led by the Services sector, mainly due to PLDT’s plunge, with only the Property counter advancing. Volume jumped to 1.31...
While local stock market players usually hope for a “Santa Claus rally” before the end of the year, the outlook for this week seems gloomy as US bourses continued to drop. Market pundits are hoping fund managers will start window-dressing stocks in their portfolio to come up with a rosier...
While local stock market players usually hope for a “Santa Claus rally” before the end of the year, the outlook for this week seems gloomy as US bourses continued to drop. Market pundits are hoping fund managers will start window-dressing stocks in their portfolio to come up with a rosier...
The local stock market dropped further on growing fears that the US will go into recession. The main index fell 70.30 points or 1.07 percent to close at 6,496.50 as the Mining and Oil sector led the retreat with only the Industrial counter managing to hold its ground. Volume was stable at 558...
The local stock market dropped on concern that the US Federal Reserve will keep rates high as inflation remains elevated. The main index lost 48.27 points or 0.73 percent to close at 6,566.80 as the Services sector led all counters in the retreat. A total of 2.06 billion shares worth P7.27 billion...
The local stock market moved up after news that US inflation slowed down in November, boosting hopes of less aggressive interest rate hikes. The main index added 32.69 points or 0.50 percent to close at 6,615.07 as Conglomerates led the advance but the Property counter stayed in the red. Volume...
The local stock market closed flat as investors wait for the meetings of US and Philippine central banks. The main index shed 2.82 percent or 0.04 points to close at 6,582.38 as sectoral indices were evenly split. Volume was thin at 705 million shares worth P5.4 billion as losers beat gainers 113...
The PSEi lost most of its early gains but managed to remain in the green at the end of trading. The main index ibched ip 5.08 points or 0.08 percent to close at 6,585.20 mainly on the strength of Banks as the Services and Property counters retreated. Volume was lower at 570 million shares worth...
The local stock market will be taking cues this week from the result of the last meeting of the US Federal Reserve to see if it will start tempering its previously aggressive rate hikes. “Last week, the local bourse staged a 1.39 percent rebound. However, an extension of its ascent is still...
The local stock market bounced from last Wednesday’s drop on more optimism over the US and Chinese economies. The main index rose 54.96 points or 0.84 percent to close at 6,580.12 as the Services sector led at advance while Banks and Industrials retreated. Volume remained steady at 516 million...
Local share prices fell after the previous day’s spike after weakness i US markets prompted investors to take profits. The main index lost 149.22 points or 2.24 percent to close at 6,525.16 as the Property sector led the retreat although the Services and Mining and Oil counters managed to stay...
