The local stock market succumbed to profit-taking after the PSEi rallied by almost 420 points from its bear market crash last Friday. The main index shed 39.11 points or 0.62 percent to close at 6,241.97 as the Property sector led the correction while the Industrial and Mining counters continued to...
The local stock market rallied for a second day on Wednesday, Feb. 5, on optimism that interest rates would soon be cut after January's inflation rate fell within target. The benchmark Philippine Stock Exchange index (PSEi) jumped 192.02 points, or 3.15 percent, to close at 6,281.08, led by the...
The Philippine stock market rebounded, surpassing the 6,000 mark on Tuesday, Feb. 4, after the US postponed new tariffs on imports from Canada and Mexico. The benchmark index jumped 206.02 points, or 3.50 percent, to close at 6,089.06, led by gains across the services sector. Trading volume reached...
The local stock market started with a strong bounce but lost most of its intraday gains as investors worry about the impact of steep tariffs the US will be slapping on imports from Canada, Mexico, and China. The main index added 20.45 points or 0.35 percent to close at 5,883.04 with property firms...
The local stock market dropped further after the US Federal Reserve decided not to cut interest rates due to inflation. The main index lost 45.81 points or 0.74 percent to close at 6,107.66 with Miners and Conglomerates seeing the biggest losses while Property and Services managed to advance....
The local stock market fell to a 14-month low as investors turned cautious and sold off shares ahead of the Chinese New Year holiday. The main index dropped 43.41 points, or 0.70 percent, to close at 6,153.47. The services sector plunged, while the banks and industrials sectors managed to gain....
The Philippine Stock Exchange (PSE) index continued its decline as investors awaited the results of the US Federal Reserve meeting and the release of Philippine economic growth figures. The main index plunged 99.32 points, or 1.58 percent, to close at 6,196.88, with the Industrial sector leading...
Share prices fell despite gains in the US after the Philippine government cast doubts about meeting last year’s economic growth target. The main index dropped 82.66 points or 1.30 percent to close at 6,296.20 as Banks led the retreat with only Miners bucking the trend. Volume grew to 1.14...
Makati Development Corporation (MDC), the construction arm of Ayala Land, continues to pursue exciting innovations in sustainable construction by unveiling the Philippines' first electric (EV) cement mixer, EV trailer tractor, and EV charging station for heavy equipment, revolutionizing operations...
The local stock market was pulled up by bargain hunters as rising US equities boosted investor sentiment. The main index added 30.52 points or 0.48 percent to close at 6,378.86 as Banks led the advance while Property and Services lagged behind. Volume dipped to 904 million shares worth P4.09...
The Philippine Stock Exchange index (PSEi) managed to eke out a small gain mainly due to the Services sector as investors remain cautious while US President Donald Trump unveils more economic policies. The main index added 8.13 points or 0.13 percent to close at 6,348.34 with only the Services...
Cebu-based fuel retailer Top Line Business Development Corporation is again eyeing an initial public offering (IPO) but has significantly reduced the offer size to P900 million from P3.16 billion. In a statement, the firm said it optimized its total issued and outstanding common shares for its IPO...
