The local stock market slipped a little in a muted reaction to the Trump inauguration as Monday was also a holiday in the US. The main index dipped by 9.68 points or 0.15 percent to close at 6,340.21 as Miners led the retreat while Conglomerates and Property firms managed to advance. Volume was...
The local stock market traded flat as investors wait for cues from the inaugural speech of US President Donald Trump. The main index shed just 2.23 points or 0.04 percent to close at 6,349.89 with sectoral indices equally divided although the Property counter saw a big drop. Volume was thin at 1.54...
Share prices recovered as investors position ahead of the inauguration of US President Donald Trump. The main index jumped 86.60 points to 1.38 percent to close at 6,352.12 as Banks led the advance across the board. But volume declined to 994 million shares worth P4.93 billion as gainers...
The PSEi resumed its downward trek after a small bounce the previous day as late selling wiped out gains made due to US inflation numbers coming within expectations. The main index dropped by 64.94 points or 1.03 percent to close at 6,265.52 as Banks led the retreat with only Miners advancing....
The local stock market bounced with global bourses as the steep drop in the past days presented bargain-hunting opportunities. The main index added 30.79 points or 0.49 percent to close at 6,330.46 with the Property counter leading the advance although sectoral indices were evenly split. Volume was...
The local stock market continued its descent as investors wait for positive catalysts while coming to terms with the prospect of fewer interest rate cuts this year. The main index dropped 43.43 points or 0.68 percent to close at 6,299.67 as Industrials led the decline while Miners and the Property...
The Philippine Stock Exchange index (PSEi) fell to a 6.5-month low on Monday, Jan. 13, dragged down by a strengthening US dollar and growing concerns over the pace of US Federal Reserve rate cuts. The main index plunged by 153.22 points or 2.36 percent to close at 6,343.10 as Conglomerates led the...
The PSEi eased on thin trades on the last trading day of the week amid lack of cues from the US. The main index shed 15.25 points or 0.23 percent to close at 6,496.32 with Conglomerates leading the decline while Banks bucked the trend to post a decent gain. Volume was anemic at 1.04 billion shares...
State-run Clark Development Corporation (CDC) is ramping up efforts to attract more global investors to the Clark Freeport Zone, starting with strengthening its relationship with Taiwanese firms. CDC President and Chief Executive Officer Agnes VST Devanadera, and 17 Taiwanese companies, alongside...
The local stock market fell below the 6,500 level on renewed concerns that the US Federal Reserve may hold back on interest rate cuts. The main index lost 48.66 points, or 0.74 percent, to close at 6,496.72, with Conglomerates leading the decline while Miners managed to rally. Volume inched up to...
The Clark Development Corporation (CDC) has issued a cease-and-desist order (CDO) against Fontana Development Corporation (FDC) and Fontana Resort and Country Club, Inc. (FRCCI). In a Facebook post, CDC said the order immediately halted all operations within the leased area, including a...
The local stock market dropped after the government reported an uptick in the inflation rate last month. The main index fell 79.79 points, or 1.20 percent, to close at 6,545.38. The Services sector led the retreat, with only Mining and Oil in the green. Volume was higher but still thin at 1.51...
