The Philippine Stock Exchange index (PSEi) fell further on Monday, Oct. 27, on the weakness of the peso as well as lower market liquidity due to the giant Maynilad Water Services Inc. initial public offering (IPO). The main index dropped 52.46 points, or 0.91 percent, to close at 5,933.76. Miners...
The Philippine Stock Exchange index (PSEi) fell below the 6,000-point level as investor confidence was eroded by weaker peso and forecasts for slower economic growth. The main index dropped 65.94 points, or 1.1 percent, to close at 5,988.02 on Friday, Oct. 24, with mining stocks leading the...
Bargain hunters pushed the Philippine Stock Exchange index (PSEi) higher on Thursday, Oct. 23, despite the continued weakness of the peso. The main index increased by 23.09 points, or 0.38 percent, to 6,053.96. Sectoral indices were evenly mixed. Volume dropped to 1.42 billion shares worth ₱4.8...
The Philippine Stock Exchange index (PSEi) declined, tracking a retreat in the peso and gold prices. The benchmark PSEi shed 62.66 points, or 1.03 percent, to close at 6,030.87. Mining shares led the retreat, with only conglomerates managing to hold ground. Volume increased to 12.06 billion shares...
The Philippine Stock Exchange Index (PSEi) halted a three-day losing streak, edging higher as bargain hunters entered the market, encouraged by upbeat US equities. The main index gained 9.46 points, or 0.16 percent, to close at 6,093.53 on Tuesday, Oct. 21. Only the Industrial and Services sectors...
The Philippine Stock Exchange Index (PSEi) dipped again, trading sideways as the market awaits corporate earnings reports and other strong catalysts to disperse the uncertainty hanging over investors. The main index shed 5.46 points, or 0.09 percent, to close at 6,084.07 on Monday, Oct. 20. Miners...
The Philippine Stock Exchange index (PSEi) dipped slightly on Friday, Oct. 17, as the market traded sideways while investors wait for companies to start reporting their third-quarter performance. The main index shed 4.14 points, or 0.07 percent, to close at 6,089.53. The drop in the property and...
The Philippine Stock Exchange index (PSEi) was almost unchanged on Thursday, Oct. 16, after late selling erased the day’s gain as investors locked in profits while waiting for the start of the third-quarter earnings season. The main index shed just 0.43 points, or 0.01 percent, to close at...
The Philippine Stock Exchange index (PSEi) gained ground, boosted by easing United States-China trade tensions and investor anticipation of more rate cuts from the Bangko Sentral ng Pilipinas (BSP). The main index rose 23.89 points (0.39 percent) to finish at 6,076.22 on Tuesday, Oct. 13. The...
The Philippine Stock Exchange index (PSEi) rose on Monday, Oct. 13, after investors picked up bargains as treasury yields dropped while the peso firmed up. The main index added 14.54 points, or 0.24 percent, to close at 6,052.33 on the strength of the services and mining sectors, as most of the...
The Philippine Stock Exchange index (PSEi) dropped on Friday, Oct. 10, despite the Bangko Sentral ng Pilipinas ’ (BSP) policy rate cut as investor sentiment continued to be dampened by the flood control corruption scandal, weak peso, and lower foreign direct investments (FDIs). The main index...
Securities and Exchange Commission (SEC) Chairman Francis E. Lim expressed regret over his claim that the local stock market lost ₱1.7 trillion in market capitalization due to the corruption scandal, which turned out to be fictitious. “The information, which had been circulating within business...
