Share prices plunged again as the market remains volatile, this time as investors worry about the plan of incoming US President Donald Trump to slap fresh tariffs on imports. The main index fell 104.27 points or 1.53 percent to close at 6,702.59 with Conglomerates suffering the biggest loss. Volume...
Aboitiz InfraCapital, Inc. (AIC) is expanding its airport portfolio after securing a deal to upgrade, operate, and maintain Bohol-Panglao International Airport. In a statement on Wednesday, Nov. 27, the infrastructure arm of the Aboitiz Group said it received the notice of award (NOA) from the...
The PSEi declined as investors exercised caution while waiting for developments in the US. The main index dropped 43.14 points or 0.63 percent to close at 6,806.86 as the Services sector led the retreat with only Banks managing to advance. Volume fell to 588 million shares worth P4.6 billion as...
The local stock market recovered some lost ground as investors wait for fresh US and Philippine economic data to be released later this week. The main index added 69.87 points or 1.03 percent to close at 6,850 as the Services sector led all sub-indices higher. Volume rose to 701 million shares...
The local stock market dropped on concern over the weaker peso and the escalation of the war between Russia and Ukraine. The main index fell 82.88 points or 1.21 percent to close at 6,780.13 with Conglomerates leading the retreat while Miners bucked the trend. Volume fell to 605 million shares...
The local stock market fell on profit-taking following a strong three-day bounce. The main index lost 112.62 points or 1.61 percent to close at 6,863.01 as Conglomerates led the drop with only the Services sector managing to advance. Volume was stable at 1.37 billion shares worth P5.64 billion as...
The PSEi continues to rally following last week’s steep dive and is now close to the 7,000 level as the central bank said its rate cut plan is unchanged while investors are more upbeat now with US-Philippine relations under incoming President Trump. The main index surged by 172.44 points or 2.53...
The PSEi has risen back to the 6,800 level as investors continue picking up bargains while digesting last week’s corporate results. The main index added 41.84 points or 0.62 percent to close at 6,803.19 with the Services sector leading the advance while Conglomerates lagged behind. Volume dipped...
Cash remittances to the Philippines, which bolster consumer spending and the domestic economy as a whole, are at risk to be slashed by stricter immigration control and a clampdown on illegal migrants by US President-elect Donald J. Trump. In a Nov. 18 report, Capital Economics deputy chief...
Local share prices rose further as investors continued to pick up bargains. The main index added 84.70 points or 1.27 percent to close at 6,761.35 as Conglomerates led the advance while Industrials, Services, and Miners declined. Volume was firm at 696 million shares worth P5.78 billion as...
With a protectionist Trump 2.0 administration expected to increase inflation and interest rates in the US, forecasts indicate that the Philippine peso could weaken to P62:$1 by 2025, according to Capital Economics. The London-based think tank released new foreign exchange (FX) forecasts on November...
The local stock market finally pulled away from its seven-day dive after investors found bargain prices too hard to resist. The main index jumped 119.56 percent or 1.82 percent to close at 6,676.65 as Industrials and Banks led the rebound although Conglomerates got left behind. Volume was firm at...
