The local stock market continued to weaken as investors wait for the Federal Reserve’s meeting on Thursday. The main index dropped 34.90 points or 0.52 percent to close at 6,744.12 as the Mining and Oil sector led all indices lower. Volume shrank to 483 million shares worth P3.3 billion as losers...
The local stock market fell below the 6,800 support level on renewed concerns over inflation and interest rates. The main index lost 36.89 points or 0.54 percent to close at 6,779.02 as the Property sector led the retreat although the Services and Mining counters managed to advance. Volume was low...
The local stock market ended slightly lower after investors sold down shares just before closing. The main index shed 6.18 points or 0.09 percent to close at 6,815.91 witj sectoral indices evenly split. Volume jumped to 1.2 billion shares worth P12.23 billion as losers beat gainers 102 to 80 with...
The local equities market recovered some lost ground as investors started to pick up stocks that have become cheaper in the last two days. The main index added 30.85 points or 0.45 percent to close at 6,822.09 as the Property sector led the advance while the Services and Mining counters continued...
The local stock market continued to lose ground as investors expect a rate hike by the central bank. The main index dropped 47.52 points or 0.69 percent to close at 6,791.24 as the rate-sensitive Property sector led all sub-indices down. Volume improved to 969 million shares worth P7.37 billion as...
Local share prices started the week lower as investors wait for the Bangko Sentral’s rate-setting meeting on Thursday. The main index dropped 38.93 points or 0.55 percent to close at 6,838.76 with sectoral indices evenly split but weighed down by losses of Conglomerates. A total of 1 billion...
Tycoon Enrique K. Razon’s Prime Infrastructure Inc. has agreed to restructure its partnership with Leandro Leviste’s Solar Philippines Power Project Holdings, Inc. (SP) that involves three joint venture companies. In a disclosure to the Philippine Stock Exchange, SP said it has entered into a...
Kuala Lumpur, Malaysia — AirAsia Philippines is increasing its current fleet from 14 to 24 aircraft, expecting to double its passenger load as it re-starts more international routes in 2023. The budget airline will receive 10 additional aircraft this year to boost both passenger and cargo...
The local stock market bounced from the previous day’s drop as funds adjusted their portfolio after the MSCI rebalancing. The main index added 34.0 points or 0.50 percent to close at 6,876.79 as the Industrial sector led the advance while the Services counter retreated. Volume amounted to 824...
Local share prices dropped again on concern over inflation and the possibility of more interest rate hikes by the US Federal Reserve and the Bangko Sentral ng Pilipinas. The main index fell by 80.29 points or 1.16 percent to close at 6,842.79 with the Industrial sector leading the retreat. Volume...
The local stock market regained some lost ground as investors were cheered by higher US stocks after the Fed cited lower consumer prices. The main index rose by 41.82 points or 0.61 percent to close at 6,923.08 as the Mining and Oil sector led the advance while Conglomerates lagged behind. Volume...
Local share prices dropped further after the government announced a higher-than-expected inflation rate for January. The main index lost 55.35 points or 0.80 percent to close at 6,881.26 with the Services sector seeing the biggest drop while Conglomerates and Miners managed to advance. Volume...
