Business NEWS

The stock market’s performance this week is seen to largely hinge on signs indicating if the government will decide to ease or extend existing quarantine measures as the number of new COVID-19 cases seems to have eased but still remained high.

The local stock market ended the week lower Friday, ( April 23)  after US stocks diver overnight.

The local stock market is seen to fall lower this week as the number of new COVID-19 cases continued to rise—raising the specter of an enhanced community quarantine which had almost grounded the Philippine economy to a halt last year.

Local share prices rose Friday, ( Feb. 26) as investors picked up bargains amid news that vaccines will finally arrive, ignoring an overnight sell-off in Wall Street.

Local share prices dropped on Wednesday, (Feb. 24)   as sentiment continue to be weighed down by government’s decision not to ease lockdown measures.

The local equities market managed to end in the green on Tuesday, (Feb.  23)  after trading in negative territory most of the day as investors started picking up cheaper stocks.

Local share prices bounced  Friday (Feb. 19) from recent losses as investors started to pick up bargains ahead of the weekend. The main index rose 76.77 points or 1.12 percent to close at 6,926.41 as the Holding Firms and Mining and Oil counters led gains across the board. 

The local stock market fell  Thursday, (February 18) as investors are jittery over developments here and overseas.

The local stock market fell again ahead of the release of GDP figures on Thursday while investors grow increasingly worried over the new strain of the coronavirus.

The local stock exchanged continued to suffer from profit-taking Monday as investors wait for more cues to buy shares.

The local stock market is seen to be vulnerable to profit-taking this week as investors weigh risks posed by the new coronavirus strain against optimism over a US stimulus package as well as the roll-out of vaccines overseas.

Philippine share prices retreated after US markets opened the year in the red on concerns over COVID-19 and the run-off elections in Georgia.The main index lost 63.32 points or 0.88 percent to close at 7,134.18 with only the Industrial counter holding its ground.

The Philippine stock market is not seen to move significantly in its first trading week of the year as optimism over COVID-19 vaccines is offset by concern over the new and more infectious strain of the virus.

The local stock market  Tuesday posted a small gain on its last trading day for 2020  on the back of positive developments here and abroad.

The local stock market bounced today  after some profit-taking in the previous session as investors cheer the ratification of the national budget and news on the US stimulus plan.

The local stock market continued to surge on heightened optimism over COVID-19 vaccines and prospects of a US Stimulus plan.

The local market is seen to make a healthy correction to digest strong gains made last week on the success of two COVID-19 vaccines and the surprise rate cut by the Bangko Sentral ng Pilipinas.