Copper producer Atlas Consolidated Mining and Development Corporation reported a 65 percent fall in consolidated net income to P1.1 billion last year from P3.2 billion in 2022. Mining operations conducted by Carmen Copper Corporation In a disclosure to the Philippine Stock Exchange, the firm said...
The PSEi made a strong bounce after a healthy correction as investors picked up cheaper stocks. The main index jumped 104.87 points or 1.53 percent to close at 6,942.21 as the Property sector led the advance while Mining and Oil lagged behind. Volume dipped to 548 million shares worth P4.86 billion...
The local stock market dropped on signs that interest rates in the US and Philippines are not going to be cut soon as many investors had hoped. The main index lost 41.20 points or 0.60 percent as the rate-sensitive Property sector led the retreat while the Services counter managed to advance. A...
The local stock market weakened further, weighed down by the performance of US stocks and the higher Philippine inflation numbers for February. The main index shed 26.92 points or 0.39 percent to close at 6,878.54 as the Industrial sector led the retreat while Banks managed to buck the trend....
Local share prices dropped after the government reported that inflation rose higher than expected last month. The main index lost 46.21 points or 0.66 percent to close at 6,905.46 as Banks led the retreat while Conglomerates advanced. Volume was still firm at 425 million shares worth P5.37 billion...
Positive news from the US boosted local stocks although the Philippine Stock Exchange Index (PSEi) again failed to hold above the 7,000 level. The main index added 32.08 points or 0.46 percent to close at 6,951.67, boosted by gains of the Services and Property sectors. Volume was firm at 530...
The Philippine Stock Exchange index (PSEi) touched the 7,000 intraday level on Friday, March 1, but late profit taking pulled down the index as the week came to a close. The main index slipped by 25.12 points or 0.36 percent to close at 6,919.59 with Banks leading the retreat although the Property...
The PSEi jumped back to the 6,900 level, benefiting from the MSCI rebalancing and more upbeat corporate results. The main index rose 68.19 percent or 0.99 percent to close at 6,944.71 as Banks and Conglomerates led the charge although the Property and Mining counters retreated. Volume surged to 774...
The local stock market reversed early losses to end with a small gain as large cap firms report strong earnings growth. The main index added 15.85 points or 0.23 percent to close at 6,876.52 although sectoral indices were split. Volume dipped to 379 million shares worth P4.73 billion as gainers...
The local stock market lost more ground following the decline in US share prices. The main index dropped 30.82 points or 0.45 percent to close at 6,860.67 with the Mining and Oil sector leading the retreat while the Services and Industrial counters recovered. Volume rose to 577 million shares worth...
The local stock market declined after a positive start as investors chose to pocket gains while waiting for fresh economic data. The main index dropped 21.72 points or 0.31 percent to close at 6,891.49 although sectoral indices were equally divided. Volume remained thin at 677 million shares worth...
The PSEi surged to 6,990 in the morning session on upbeat sentiment but the rally lost steam as investors cashed out for the weekend. The main index still managed to add 10.06 points or 0.15 percent to close at 6,913.21 led by the Industrial sector although Conglomerates and Mining firms retreated....
