The Philippine Stock Exchange index (PSEi) made a strong bounce on Monday, Dec. 22, and recovered last Friday’s lost ground on the back of bargain-hunting and some window-dressing for the year’s end. The main index jumped by 120.39 points, or 2.03 percent, to close at 6,041.26, with the advance...
Investors are expected to favor cash positions this week following a selloff on Dec. 19, as caution prevails ahead of the Christmas and New Year holidays. While window-dressing activities could provide a temporary lift for select Philippine Stock Exchange index (PSEi) members, the broader outlook...
The Philippine benchmark index retreated on Thursday, Dec. 18, as investors locked in gains while awaiting crucial United States (US) inflation data for cues on the Federal Reserve’s interest rate path. The Philippine Stock Exchange Index dropped 47.54 points, or 0.78 percent, to close at...
Philippine stocks climbed as a stronger peso and a retreat in crude oil prices spurred bargain hunting following a brief bout of profit-taking. The Philippine Stock Exchange index advanced 23.34 points, or 0.39 percent, to end at 6,079.02 on Wednesday, Dec. 17. While the services sector led the...
The Philippine Stock Exchange index (PSEi) dipped on last minute profit-taking on Tuesday, Dec. 16, as investors waited for fresh economic data from the United States (US). The main index shed 2.34 points, or 0.04 percent, to close at 6,055.68. The services and mining sectors fell, while the...
The Maharlika Investment Corp. (MIC) is planning to acquire up to 11.2 percent of Asian Terminals Inc. (ATI), the port operator controlled by Eusebio Tanco, for about ₱8 billion, a move intended to lead to the delisting of the company from the Philippine Stock Exchange (PSE). In a disclosure to...
The local stock market started the week on firmer footing, with investor sentiment continuing to be supported by signs that the central bank may cut rates further. The main index added 21.3 points, or 0.35 percent, to close at 6,058.02 on Monday, Dec. 15. The mining and property sectors led the...
Local stock market investors will test whether the main index can stay above the 6,000 level, buoyed by positive sentiment from the United States Federal Reserve (US Fed) and Bangko Sentral ng Pilipinas (BSP) rate cuts, but will also take cues from upcoming US economic data, including inflation and...
The Philippine Stock Exchange Index (PSEi) recovered from the previous day’s decline, adding 30.06 points, or 0.50 percent, to close at 5,990.00 on Thursday, Dec. 11. The advance followed expected rate cuts from both the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP). Banks led the...
The Philippine Stock Exchange Index (PSEi) slipped 0.28 percent following a confluence of weak economic reports and a cut to the country 's growth forecast. The main index shed 16.70 points to close at 5,959.94 on Wednesday, Dec. 10. Sectoral indices were evenly mixed for the session. A total...
The Philippine Stock Exchange index (PSEi) was higher on Tuesday, Dec. 9, as investors anticipate the rate cuts that may be announced by the Bangko Sentral ng Pilipinas (BSP) and the United States Federal Reserve (US Fed). The main index added 27.42 points, or 0.46 percent, to close at 5,976.64....
The local stock market is poised to gain momentum this week, driven by expected rate cuts from the United States (U.S.) Federal Reserve and the Bangko Sentral ng Pilipinas (BSP), alongside influential domestic labor and foreign investment data. Philstocks Financial Research Manager Japhet...
