The local stock market bounced on Wall Street’s lead despite the announcement that inflation rate rose further in May. The main index rose 37.13 points or 0.55 percent to close at 6,754.01 as the Mining and Oil sector led all counters in the advance. Volume remained weak though at 877 million...
The local stock market started the week lower as investors continue to worry about inflation and interest rates. The main index shed 24.52 points or 0.36 percent to close at 6,716.88 as only the Property counter advancing while the Mining and Oil sector led the retreat. A total of 1.88 billion...
Sentiment at the local stock market may be weighed down this week by another round of substantial hikes in fuel prices and investors will also be watching out for the government’s report on the inflation rate last month. “Next week, the local market is seen to have a downward bias given the...
DOMESTIC tourists pose for a selfie and souvenir shot in front of the Guimaras Provincial Capitol. (Tara Yap) ILOILO CITY – The Department of the Interior and Local Government (DILG) cited the provincial government of Guimaras for financial transparency anew when it was given a seal for Good...
The local stock market closed higher after a weak start as investors started picking up bargains before the week ended. The main index rose 54.57 points or 0.82 percent to close at 6,741.40 as the Mining and Oil sector led in the advance across the board. However, volume dropped further to 1.09...
The local stock market declined as investors continue to worry over the global economy. The main index shed 25.38 points or 0.38 percent to close at 6,686.83 although only the Banks and Industrial counters retreated while the Mining and Oil sector led advancers. Volume weakened further to 852...
The local stock market dropped further on concern over the impact of rising inflation and interest rates. The main index lost 62.47 points or 0.92 percent to close at 6,712.21 as Banks led the decline although Mining and Property stocks managed to advance. Volume fell to 659 million shares worth...
Filipinos remain focused on building their financial protection and securing their health despite coronavirus statistics and alert levels steadily going down, a recent survey showed. In a report by the Sun Life Grepa Financial, Inc. (Sun Life Grepa), it said that health protection continued to be...
One notable law signed by President Rodrigo R. Duterte early this month is Republic Act No. 11765, otherwise known as the Financial Products and Services Consumer Protection Act (FCPA), which gave three financial regulators the power to speed up addressing consumers’ complaints against financial...
The local stock market rose for the second day as investors continued to pick up bargains amid positive remittance data. The main index was up 92.54 points or 1.42 percent to close at 6,594.66 as Holding Firms led the advance while the Services counter was the only one that retreated. Volume dipped...
Increased Information Technology (IT) services demand coupled with a respectable 9 percent increase in its subscriber base enabled diversified telecommunications firm PT&T to haul in P520.74 million revenues in 2021, up 19 percent from the preceding year's P438.62 million. The company also...
This week, the stock market may see some bargain hunting after suffering a steep fall in the last five trading days although uncertainties remain as investors wait for the new administration to name its economic managers and lay out its plans. “With its fall last week, the market has so far been...
