After numerous failed attempts this year, the Philippine Stock Exchange’s benchmark index finally closed above the 7,000 resistance level on expectations of rate cuts and a stronger Philippine economy. The PSEi surged 79.79 points or 1.15 percent to 7,024.67 with the interest rate-sensitive...
The local stock market weakened as investors pocketed gains while wait for the announcement of the US August inflation rate. The main index dropped 39.75 points or 0.57 percent to close at 6,944.88 as the Property sector led the decline while the Services counter managed to hold its ground. Volume...
The PSEi closed flat after late selling pulled it back down from its peak well above the 7,000 resistance level. The main index end higher by just 0.38 points or 0.005 percent at 6,984.63 as half the sector indices declined. Volume was strong at 777 million shares worth P7.26 billion as gainers...
The PSEi started the week stronger and just a few points shy of 7,000 resistance level amid growing optimism spurred by better Philippine economic numbers. The main index rose by 48.16 points or 0.69 percent to close at 6,984.25 as Banks led the charge although Industrials and Miners were in the...
Global markets will be looking for cues from the release of US inflation figures this week while local equities are seen to be more volatile as it experiences a tug-o-war between improving investor sentiment at the domestic front and concerns over the weakening of the US economy. “This week, the...
The local stock market firmed up after the August inflation rate dropped lower than expected. The main index added 25.85 percent or 0.38 percent to close at 6,907.97 but sectoral indices were still evenly divided. Volume was lower at 517 million shares worth P5.07 billion as gainers edged out...
Amid the recent strength of the equities market, Philstocks Financial sees the PSEi ending the year between 6,998.78 and 7,665.26 based on its earnings growth projection of five percent to 15 percent for main index members. “With a robust labor market and easing ination, we expect strong demand...
The PSEi recovered from early losses to close flat as investors initially sold down stocks following weak US markets overnight. The main index shed just 0.8 points or 0.01 percent to close at 6,882.12 with sectoral indices evenly divided. Volume was a little higher at 653 million shares worth P5.56...
House Speaker Martin Romualdez (Speaker’s office) Speaker Martin Romualdez facilitated on Monday night, Sept. 2 the request for the immediate release of P390 million in financial aid to indigent citizens affected by the wrarh of Typhoon...
While Ghost Month ends on Sept. 2, the local stock market is seen to continue to consolidate just below the 7,000 resistance level as investor sentiment remains upbeat although eyes will be on the August inflation numbers later this week. “The market could move with an upward bias on the back of...
As the Philippines navigates the digital age, the financial technology sector is witnessing a major transformation. Recent studies indicated a surge in the adoption of financial mobile apps among consumers. For many Filipinos, the shift to digital finance has made managing money more...
While warning that the country braces for energy transition that will be expensive, Energy Secretary Raphael P.M. Lotilla has appealed to banks and other financial institutions for longer tenor on loans that will be funneled to power projects across technologies as a way to soften cost impact on...
