The Philippine Stock Exchange Index (PSEi) continued its decline following last week’s slower economic growth data, coupled with concerns over the impact of the recent twin super typhoons. The main index shed 56.73 points, or 0.99 percent, to close at 5,702.64 on Monday. Nov. 10. The Services and...
Maynilad Water Services Inc.’s initial public offering (IPO) failed to buoy the market as the Philippine Stock Exchange index (PSEi) plunged to its lowest level in almost five years on Friday, Nov. 7, after the economy grew at a slower-than-expected pace. The benchmark index fell by 76.22 points,...
The Philippine Stock Exchange Index (PSEi) rose, recouping losses in thin trading as positive corporate earnings buoyed sentiment. The main index gained 17.53 points, or 0.30 percent, to close at 5,835.59 on Thursday, Nov. 6. Miners led the advance while the Industrial sector lagged. Volume was...
The Philippine Stock Exchange index (PSEi) continued its slide, dropping 48.98 points or 0.83 percent to close at 5,818.06 on Wednesday, Nov. 5, driven by persistent investor anxiety that the third-quarter economic growth will fall short of the government’s target. The main index’s retreat...
The Philippine Stock Exchange index (PSEi) rallied on bargain hunting following Monday’s steep selloff, with a stronger peso and improved manufacturing data buoying investor sentiment. The main index rose 38.98 points, or 0.67 percent, to close at 5,867.04 on Tuesday, Nov. 4. Sectoral indices,...
The Philippine Stock Exchange index (PSEi) crashed to its lowest level in three years, wiping out gains amid a market-wide panic triggered by persistent inflation fears and weaker-than-expected economic performance. The main index fell by 101.62 points, or 1.71 percent, closing the session at...
The Philippine Stock Exchange Index (PSEi) dropped after a two-day reprieve as investors weighed concerns over inflation and gross domestic product figures due for release next week. The benchmark gauge fell 34.09 points, or 0.57 percent, to close at 5,929.68 on Thursday, Oct. 30. Banks led the...
The local stock market improved on Wednesday, Oct. 29, after the peso strengthened while expectations of a United States Federal Reserve (US Fed) rate cut also boosted sentiment. The main index added 10.61 points, or 0.18 percent, to close at 5,963.77. Miners led the advance, while property and...
The Philippine Stock Exchange index (PSEi) edged higher as bargain hunters bought shares that had dropped in the past two trading sessions. The benchmark PSEi added 19.40 points, or 0.33 percent, to close at 5,953.16 on Tuesday, Oct. 28. Sectoral indices were mixed, with the banking gauge posting...
The Philippine Stock Exchange index (PSEi) fell further on Monday, Oct. 27, on the weakness of the peso as well as lower market liquidity due to the giant Maynilad Water Services Inc. initial public offering (IPO). The main index dropped 52.46 points, or 0.91 percent, to close at 5,933.76. Miners...
The Philippine Stock Exchange index (PSEi) fell below the 6,000-point level as investor confidence was eroded by weaker peso and forecasts for slower economic growth. The main index dropped 65.94 points, or 1.1 percent, to close at 5,988.02 on Friday, Oct. 24, with mining stocks leading the...
Bargain hunters pushed the Philippine Stock Exchange index (PSEi) higher on Thursday, Oct. 23, despite the continued weakness of the peso. The main index increased by 23.09 points, or 0.38 percent, to 6,053.96. Sectoral indices were evenly mixed. Volume dropped to 1.42 billion shares worth ₱4.8...
