Stocks to take cues from politics, COVID cases James A. Loyola The local stock market is seen to be swayed by recent political developments this week although investors continue to be optimistic amid the reopening of the economy and the generally positive corporate results for the third quarter....
The local stock market bounced from its two-day correction yesterday as investors continue to regain optimism. The Philippine Stock Exchange index (PSEi) rose 51.19 points, or 0.70 percent, to close at 7,382.84 although sectoral indices were evenly mixed with Property stocks leading the advance...
The local stock market continued to be pulled lower by profit-taking following the decline in US bourses. The main index lost 44.03 points or 0.60 percent to close at 7,331.65 as the Property sector led the retreat while the Services counter managed to hold its ground. 45341 Volume was lower at...
The local stock market finally yielded to some profit-taking after a 6-day rally tracking a similar pause in US bourses. The main index dropped 65.99 points or 0.89 percent to close at 7,375.68 with heavyweights Banks and Holding Firms leading the retreat. Losers beat gainers 116 to 77 with 56...
The local stock market rose to a new 2021 high for the third straight session, this time spurred by the higher-than-expected growth in gross domestic product for the third quarter. PSE_NEW The main index gained 45.45 points or 0.82 percent to close at 7,441.67 as the Services sector led the rally...
The local stock market sustained last week’s winning streak on Monday, with the PSEi hitting its highest level so far this year, as investors remained bullish amid the downtrend in COVID cases and the coming announcement of the Philippine gross domestic product. The main index added 55.45 points...
After breaching the 7,300 level, the local stock market is seen to test its strength further this week to see if it can reach the 52-week high of 7,432.40 for the Philippine Stock Exchange Index (PSEi). “While last week’s rally could invite selling pressures, the market is still seen to have an...
The local stock market surged to end the week at its highest level this year as investors cheered the lower-than-expected inflation rate for October and the loosening of quarantine restrictions. The main index jumped 137.05 points or 1.90 percent to close at 7,340.77 as the Property and Services...
The PSEi sustained its rally for the third session this week, boosted by positive corporate earnings reports. The main index added 19 points or 0.26 percent to close at 7,203.72 as the Mining and Oil counter bounced back and led the advance across the board. PSE_NEW Volume was steady at 4.69...
The local stock market followed through on the previous day’s rally as upbeat investors bought up shares. The main index rose by 78.71 points or 1.11 percent to close at 7,184.72 with the Property sector leading the charge while the Mining and Oil counter was the only one in the red. 43349 Volume...
The local stock market bounced from last week’s drop as investors started picking up bargains on the back of stronger US bourses. The main index 51.31 points or 0.73 percent to close at 7,106.01 as Holding Firms led the advance while the Industrial and Mining and Oil counters retreated. PSE_NEW...
The local stock market is seen to start weaker due to the extension of quarantine measures although investors’ sentiment will also be swayed by the October inflation figure as well as corporate earnings reports. “The failed hopes of downgrading the National Capital Region’s alert level by...
