Regional stocks, including local shares, fell as investors were spooked by fears of a recession in the US. The main index dropped 88.53 points or 1.32 percent to close at 6,605.30 led by the Services sector which weakened despite the hike in Globe’s stock price. Volume remained tepid at 514...
Local share prices jump on hopes that the Fed will cut rates in September. The main index rose by 74.74 points or 1.13 percent to close at 6,693.83 with Banks leading the charge. However, volume was low at 450 million shares worth P4.39 billion as gainers beat losers 104 to 75 with 50 unchanged....
The local stock market pauses from its recent slide as investors anticipate that interest rate cuts are coming soon. The PSEi added 12.73 points or 0.19 percent to close at 6,619.09 with the Mining sector leading the advance while the Property counter lagged behind. Volume rose to 421 million...
Local share prices declined further as investors wait for more news that will point to when interest rates will start going down. The main index dropped 42.87 points or 0.64 percent to close at 6,606.36 as Banks continued to lead the retreat while the Industrial and Services sectors recovered some...
Local share prices fell on profit-taking following gains made last week. The main index lost 76.78 points or 1.14 percent to close at 6,649.23 as Banks led the retreat while Industrials managed to buck the trend. A total of 658 million shares worth P5.06 billion changed hands as losers beat gainers...
The PSEi ended the week on positive footing after Typhoon Carina finally left the country. The main index rose by 55.74 points or 0.84 percent to close at 6,726.01 led by the Property sector with only Miners in the red. However, volume remained tepid at 924 million shares worth P4.37 billion as...
Local share prices fell in the aftermath of Typhoon Carina even as sentiment was also dampened by weaker US markets. The main index lost 82.85 points or 1.23 percent to close at 6,670.27 as Miners led the drop across the board. Volume was weak at 553 million shares worth P3.98 billion as losers...
Declaring a state of calamity in the National Capital Region (NCR) is a “local prerogative” and is best left to the local executives since they best know the situation on the ground, President Marcos said on Wednesday, July 24. President Ferdinand 'Bongbong' Marcos Jr. presides over the...
The local stock market rose after President Ferdinand R. Marcos Jr.’s State of the Nation Address despite the drop in property stocks due to the announced POGO ban. The main index rose by 41.07 percent or 0.61 percent to close at 6,753.12 as Conglomerates led the advance while the Property and...
Malacañang announced the suspension of work in government offices and classes at all levels in the National Capital Region (NCR) due to the heavy rainfall brought by the southwest monsoon and Typhoon “Carina”. This photo shows the strong winds brought by Typhoon "Carina" toppled a tree...
The local stock market dropped on profit-taking, prompted partly by the withdrawal of US President Joe Biden as candidate for reelection later this year. The PSEi lost 79.64 points or 1.17 percent to close at 6,712.05 with the Services sector leading the retreat while the Property and Mining...
The local stock market ended the week on positive footing as share prices jumped due to an improving economic picture. The main index jumped 86.68 points or 1.29 percent to close at 6,791.69 with Banks leading the rally as Miners lagged behind. Volume rose to 587 million shares worth P6.84 billion...
