With the local stock market stuck in the doldrums, investors are hoping that the July remittance numbers and the expected US Federal Reserve rate cut will overcome political noise and spur investor sentiment. “Global markets enter the week with focus squarely on the Fed 's September 17-18...
The Philippine Stock Exchange index (PSEi) closed slightly higher Thursday, Sept. 11, as investors maintained a wait-and-see stance ahead of the US inflation report for August. The main index added 6.8 points, or 0.11 percent, to finish at 6,126.89. While the Banks and Services sectors advanced,...
The Philippine Stock Exchange index (PSEi) closed just a couple of points lower on Wednesday, Sept. 10, after the government reported a drop in jobs data. The main index shed 2.62 points, or 0.04 percent, to close at 6,120.09. The Services sector led the decline, while the Property and Banking...
The Philippine Stock Exchange index (PSEi) moved up slightly as prospects of a United States (US) rate cut led to some bargain hunting. The main index added 20.85 points, or 0.34 percent, to close at 6,122.71. Miners led the advance, rallying on higher gold prices, while industrials lagged behind....
The Philippine Stock Exchange index (PSEi) dropped on Monday, Sept. 8, as investors took profits and focused on the ongoing hearing into alleged corruption in flood control projects. The PSEi fell by 47.27 points, or 0.77 percent, to close at 6,101.86. The Bank and Conglomerate sectors led the...
The local stock market extended gains as investors continued to pick up bargains after the August inflation rate, while higher, came within target. The main index rose by 42.21 points, or 0.69 percent, to close at 6,149.13. The services sector led the advance, although banks dipped slightly. Volume...
The Philippine Stock Exchange index (PSEi) dropped to the 6,000 level after breaching its support on Wednesday, Sept. 3, as political noise and US tariff issues continue to dampen investor sentiment. The main index closed at 6,082.93, down 45.96 points or 0.75 percent. The Property sector led the...
The local stock market dipped due to the weaker peso and lower manufacturing data amid concern over massive corruption in flood control projects. The main index shed 11.46 points, or 0.19 percent, to close at 6,128.89. Half of the sectoral indices were in the green. Volume was higher but still...
The Philippine Stock Exchange index (PSEi) fell for the third consecutive day amid expectations of a slight uptick in August inflation and the peso 's recent weakness. The main index shed 15.22 points, or 0.29 percent, to close at 6,140.35 on Monday, Sept. 1. Conglomerates led the retreat,...
Philippine stock market investors are expected to wait for the August inflation report which will be released on Friday, Sept. 5, while weighing concerns over United States (US) tariffs and the probability of a US Federal Reserve (Fed) rate cut later during the early part of the week. “The local...
The Philippine Stock Exchange index (PSEi) dropped on Thursday, Aug. 28, as investors sold on news that the Bangko Sentral ng Pilipinas (BSP) reduced interest rates as expected. The main index lost 83.15 points, or 1.33 percent, to close at 6,190.19. Banks led the retreat, while miners bucked the...
The Philippine Stock Exchange index (PSEi) bounced back on Wednesday, Aug. 27, recovering most of the previous day’s losses, as investors seized the opportunity to buy bargains in anticipation of an expected rate cut by the Bangko Sentral ng Pilipinas (BSP). The main index jumped 128.10 points,...
