The local stock market lost most of the day’s gains but still managed to kick off the new month in the green. The main index inched up 5.81 points or 0.09 percent to close at 6,181.06 with sectoral indices evenly split. Volume jumped to 2.11 billion shares worth P11.51 billion as gainers...
The local stock market plunged as investors took profits on the last day of the month of August amid continuing worries about the economies of the US, China, and the Philippines. The main index fell 120.04 points or 1.91 percent to close at 6,175.25 as the Property counter plummeted while...
The local stock market recovered more ground as encouraging economic news spurred investors to pick up bargains. The main index rose by 70.29 points or 1.13 percent to close at 6,295.29 with Conglomerates leading the charge. Volume dipped to 672 million shares worth P3.97 billion as gainers...
In a bid to address the rising incidence of financial account scams, Sen. Sherwin Gatchalian has filed a bill prohibiting money mules and other fraudulent acts committed involving financial accounts providing penalties and for other purposes. Gatchalian filed Senate Bill 2407,...
CEBU CITY – The provincial government of Bohol distributed cash assistance amounting to more than P3 million to various barangays. BOHOL Gov. Aris Aumentado speaks before officials of Barangay Napo, Loon where he also turned over P1 million in cash assistance. Bohol Gov. Aris Aumentado said the...
The local stock market rose in late trading as funds start window dressing for the month’s end. The main index jumped 64.39 points or 1.05 percent to close at 6,225 as the Services sector led all indices in the advance. Volume rose to 395 million shares worth P5.63 billion but losers still beat...
The local stock market may see some bouts of bargain-hunting especially with US stocks up over the weekend after US Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole. However, analysts note that investor sentiment remains weak due to discouraging prospects of the local economy....
The Philippine stock market benchmark, the PSEi, had been stuck in the doldrums for months—trading within a tight 200-300 point band—before crashing below its support level to a nine-month low and underperforming other regional and emerging markets. China Bank Capital Corp. Managing Director...
The local stock market fell again after a one day breather as investors held on to cash ahead of US Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole. The main index dropped 65.17 points or 1.05 percent to close at 6,160.61 as Banks led the retreat across the board. Volume...
ILOILO CITY – The Philippine Army 61st Infantry Battalion (IB) extended cash assistance to the family of a New People’s Army (NPA) killed in an encounter in Iloilo earlier this month. Lt. Col. Arturo Balgos Jr., 61 st IB acting commander, met the family of the slain rebel Rebecca Aliparo in her...
The local stock market finally bounced back after US Treasury yields eased and spurred a rally in US bourses. The main index rose by 46.15 points or 0.75 percent to close at 6,225.78 with Banks leading all sectoral indices higher. Volume was still low though, at 415 million shares worth P3.31...
The local stock market continued to trek downwards on growing pessimism about the growth prospects of the US and Philippine economies. The main index lost 32.76 points or 0.53 percent to close at 6,179.63 percent with Banks dropping the most although sectoral indices were evenly split. Volume...
