Investors in the local stock market will be looking out for the government’s release of the inflation and employment numbers which may determine whether the Philippine Stock Exchange Index (PSEi) can stay above the 6,700 level. “An inflation print (for January) lower than December 2023’s 3.9...
(Unsplash) House Speaker Martin Romualdez is urging the Bureau of Treasury to continue organizing financial literacy seminars for Filipinos. Romualdez said he sees such seminars as having the potential to improve not just Filipinos’ lives,...
The local stock market bounced back as sentiment got a boost from upbeat US stocks while local investors anticipate a lower inflation rate for January. The PSEi jumped by 84.24 points or 1.27 percent to close at 6,707.25 as Banks led the rally although the Property sector retreated. Volume rose 448...
The local stock market slipped on signals from the US Federal Reserve that rate cuts may come later than March. The main index lost 23.43 points or 0.35 percent to close at 6,623.01 as the Mining and Oil counter led the retreat while Banks bucked the trend. Volume dropped to 280 million shares...
House Speaker Martin Romualdez (Speaker’s office) House Speaker Martin Romualdez endorsed on Thursday, Feb. 1, the immediate release of P150 million in financial assistance to the victims of the destructive floods in the Davao region. “This is to...
The tide may finally turn for the Philippine Stock Exchange index (PSEi) which is forecast by Philstocks Financial to grow 8.51 percent to 18.84 percent this year on the back of robust economic growth, lower inflation, stronger peso, and interest rate cuts. Philstocks Research Head Japhet...
TACLOBAN CITY – The Police Regional Office-8 has turned over cash assistance to the families of the three police officers slain in an encounter with a criminal gang in Santa Margarita, Samar on Tuesday, January 30. POLICE Regional Office-8 chief Police Brig. Gen. Reynaldo Pawid turns over...
The local stock market dipped as investors wait for tomorrow’s announcement of the country’s last gross domestic product report for 2023. The main index shed 8.67 points or 0.13 percent to close at 6,622.01 with sectoral indices evenly mixed. Volume was still low at 550 million shares worth...
The local stock market lost ground as investors held on to cash while waiting for economic news here and overseas. The main index dropped 55.41 points or 0.83 percent to close at 6,630.68 with the Mining and Oil sector leading the retreat. Volume was thin at 303 million shares worth P4.22 billion...
COL Financial, the country’s largest online stock brokerage firm, is cautiously optimistic about the local stock market as it is poised for a bull run although fears of a US recession is holding it back. COL Financial Chief Equity Strategist April Lynn Tan “Everything is in place for a...
This week, local stock market investors will be taking cues from the US Federal Reserve meeting as well as Philippine fourth quarter gross domestic product (GDP) data. “Investors face an eventful trading week that could determine whether the local index finally breaks out of the strong resistance...
The local stock market ended the week on a positive note following the release of better-than-expected economic growth numbers in the US. The main index added 12.59 points or 0.19 percent to close at 6,686.09 although sectoral indices were evenly divided. Volume surged to 2.88 billion worth P13.58...
