The local stock market declined as investors stepped on the brakes to pocket some gains from the surge in past days. The main index dropped 49.82 points or 0.73 percent to close at 6,791.87 as the Property sector led the retreat although the Mining and Oil counter posted strong gains while the...
Marcventures Mining and Development Corporation (MMDC), a subsidiary of listed nickel miner Marcventures Holdings Inc. (MHI), is targeting to ship 2.035 million wet metric tons (WMT) of nickel ore this year, higher than the 1.732 million WMT it shipped in 2020. In a statement, MMDC said that for...
Local share prices rallied due to favorable developments at home and overseas. The PSEi surged 214.26 points or 3.23 percent to close at 6,841.69 as share prices rose across the board with the Property and Holding Firms counters leading the charge. A hefty 1.9 billion shares worth P9.51 billion...
The local stock market ended flat Tuesday, June 1 after a weak start as the listing of Monde Nissin’s shares failed to spark a rally. The main index shed 1.06 points or 0.02 percent to close at 6,627.43 as the Mining and Oil counter led the retreat while the Financials and Property sectors...
The local stock market dropped after investors locked in gains from last week’s rally amid uncertainty whether quarantine measures will be eased or tightened. The main index lost 46.02 points or 0.69 percent to close at 6,628.49 with only the Financials sector mamaging to hold its ground. Volume...
The local stock market held its ground as investors remain optimistic and did not pocket substantial gains made in the past two days. The main index inched up 9.37 points or 0.14 percent to close at 6.674.51 as the Services and Property counters led gainers while the Holding Firms sector was the...
The local stock market followed the previous day’s jump with a stronger rally just before the MSCI rebalancing and over optimism fueled by the fiscal stimulus bill. The PSEi surged 323.90 points or 5.11 percent to close at 6,665.14 as all sectors advanced. Volume of trades also spiked, rising to...
The Philippine stock market jumped on the passage of the pandemic relief law and the start of month’s end window-dressing. The main index surged 144.53 points or 2.33 percent to close at 6,341.24 as share prices rose across the board. Volume also spike to 1.26 billion shares worth P13.09 billion...
The local stock market bounced as investors took their cues from gains in overseas markets. The main index rose 31.82 points or 0.52 percent to close at 6,196.71 although sectoral indices were evenly mixed. Advancers were led by blue-chip Holding Firms while miners were the biggest decliners....
The local stock market weakened as investors fretted over the possibility of higher US interest rates. The main index dropped 34.36 points or 0.55 percent to close at 6,164.89 as all indices retreated, led by the interest rate-sensitive Property sector. Volume was low with 1.09 billion shares worth...
Late buying allowed the local stock market to close flat as investors continued to sit on the sidelines. The main index eked out a gain of 1.61 points or 0.03 percent to close at 6,199.25 with only the Financials and Services counters in the red. Volume remained weak with 1.63 billion shares...
Filinvest Development Corporation (FDC), the flagship of the Gotianun family, posted a 35 percent drop in attributable net income to P2.0 billion in the first quarter of 2021 from P3.0 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said revenues and...
