The local stock market rose on the back of growing optimism that the Omicron variant will not be as bad as initially feared. The main index jumped 87.62 points or 1.23 percent to close at 7,234.92 as banks led the advance with only the Property sector posting a marginal decline. PSE_NEW Volume...
The local stock market managed to end higher after treading in the red most of the day following to release of positive economic data. The main index added 26.56 points or 0.23 percent to close at 7,147.30 although most sectors were down with banks postings the biggest losses while only the Holding...
The local stock market started the week on a positive note and followed up on last Friday’s gains as investor sentiment continued to recover from the knee-jerk reaction to the Omicron variant. The main index rose 75.55 points or 1.07 percent to close at 7,130.74 as the Services sector led the...
Stocks rose again but closed off the day’s peak as investor sentiment was boosted by gains in US bourses. The main index gained 22.65 points or 0.32 percent to close at 7,055.19 as sub-indices were evenly mixed with the Property sector advancing the most. Volume weakened to 1.3 billion shares...
Solar Philippines Nueva Ecija Corp. (SPNEC), the developer of what is planned to be the largest solar project in Southeast Asia, has kicked off its P2.7 billion initial public offering (IPO) which will run until Tuesday, Dec. 7. Based on documents filed with the Philippine Stock Exchange, the firm...
The local stock market ended the week with more losses as investors grow more concerned about a potentially more dangerous variant of COVID-19. The main index dropped 90.83 points or 1.23 percent to close at 7,278.44 as the Property and Services sectors led all sub-indices in the retreat....
The local stock market dropped due to selling pressures. The main index lost 49.83 points or 0.67 percent to close at 7,369.27 as the Holding Firms counter led the retreat although the Industrial and Mining and Oil counters managed to advance. 48775 Volume stayed in the same range with 1.31 billion...
The Philippine Stock Exchange index managed to advance although there was some profit taking after the previous day’s spike in share prices. The benchmark index added 17.94 points or 0.24 percent to close at 7,419.10 on Wednesday, Nov. 24, although only the Holding Firms and Property counters...
The local stock market jumped on further bargain hunting as investors cheered a series of good news. The main index rose 118.49 points or 1.63 percent to close at 7,401.16 as telcos and banks led the rally across the board. 48245 Volume improved to 1.55 billion shares worth P9.28 billion as gainers...
The local stock market managed to end flat after starting the week in the red with investor sentiment stuck in the doldrums. The main index eked out a 2.1-point or 0.03 percent gain to close at 7,282.67 with only the Financials and Mining and Oil counters advancing while most sectors retreated....
Stock market investors are seen to remain cautious this week as it does not have any major announcement scheduled that may affect sentiment. “Next week, the overall sentiment is expected to remain cautious as investors wait for catalysts for the market,” said Philstocks Financial Senior...
The PSEi continued its losing streak as sentiment weakened overnight while investors wait for fresh leads at the domestic front. The main index dropped 50.48 points or 0.69 percent to close at 7,299.34 as Banks and Miners led the retreat although the Property counter managed to eke out a small...
