The local stock rallied after the early release of results of a peaceful mid-term elections and a pause on the US-China trade war. The main index jumped by 108.62 points or 1.68 percent to close at 6,566.82 as the Services sector lead the charge while Miners lagged behind as gold prices dropped....
Investors in the Philippine stock market will be watching out for news on how the mid-term elections was conducted and how the Marcos administration’s candidates fared while also waiting for the release of remittance numbers. Rizal Commercial Banking Corporation Chief Economist Michael L....
The local stock market ended the week higher as investors cheered to announcement of a trade deal between the US and the UK. The main index jumped 68.71 points or 1.08 percent to close at 6,458.20 as Conglomerates led the advance while Miners declined with weaker gold prices. Volume grew to 738...
Cebu Air Inc., the operator of Gokongwei-led budget carrier Cebu Pacific, reported that its net income declined by 79 percent in the first three months of the year, driven by costs related to its fleet and network expansion. In a disclosure to the Philippine Stock Exchange (PSE), Cebu Air said its...
Razon-led Manila Water Co. reported that its net income posted a 14 percent increase in the first quarter of 2025. In a disclosure to the Philippine Stock Exchange this Friday, May 9, the private water utility firm’s net income reached ₱3.5 billion in the first three months of 2025, up from...
Zamora-led mining firm Nickel Asia Corp. (NAC) reported a 148 percent increase in its attributable net income to ₱501.03 million in the first quarter of 2025, from ₱202.38 million in the previous year, driven by the sale of its minority stake in a nickel processing operator in Palawan. In a...
The local stock market weakened after first quarter economic growth was slower than the government’s target while the Fed did not cut its policy rates. The main index dropped 75.96 points or 1.17 percent to close at 6,389.49 with Conglomerates leading the retreat across the board. A total of 733...
The Philippine Stock Exchange index (PSEi) rose as investors continued buying up stocks due to the low April inflation rate. The benchmark index rose by 46.76 points or 0.73 percent to close at 6,465.45 on Wednesday, May 7, with the Industrial counter posting the biggest advance while Propert...
The PSEi bounced back from the previous day’s profit-taking after investor sentiment was buoyed by the low Philippine inflation rate for April plus a number of positive corporate earnings reports. The main index rose by 59.06 percent or 0.93 percent to close at 6,418.69 with the Services sector...
The local stock market declined as investors pocketed gains from its recent runup prior to the release of makor economic reports. The main index dropped 52.23 points or 0.81 percent to close at 6,359.63 with the retreat led by Conglomerates and Miners. A total of 700 million shares worth P5.67...
The PSEi rallied on expectations of a US trade deal coupled with upbeat first quarter earnings reports. The main index jumped by 102.80 points or 1.64 percent to close at 6,354.99 with the Property sector and Banks leading the charge although the Services and Mining counters dropped. Volume rose to...
The local stock market ended almost flat as investors continue to wait for fresh economic news amid uncertainty in the global front. The main index inched up 2.69 points or 0.04 percent to close at 6,252.19 with sectoral indices evenly mixed. Volume was still low at 622 million shares worth P4.88...
