Last week Share prices gained slightly, with the main index staying at the 6,600-point level, as investors awaited a stronger catalyst that will encourage them to purchase stocks. The benchmark Philippine Stock Exchange index (PSEi) rose 13.54 points to close at 6,643.18 points. The main index was down in two…
Last week Share prices gained last week, allowing the main index to close higher for four consecutive weeks, but volume remained thin as investors remained on the sidelines. The benchmark Philippine Stock Exchange index rose 57.61 points to close at 6,299.50 points. “The local market has been building momentum lately,…
Last week Share prices gained following weeks of declines as investors were elated by the lower-than-expected inflation and a better GDP growth rate in the third quarter, which was above the expectation of analysts. The benchmark Philippine Stock Exchange index gained 172.62 points to close at 6,161.89 points. The main…
Last week Share prices plunged last week with the main index falling by 3 percent to below the psychological 6,000-point level, after the off-cycle 25 basis point rate hike of the Bangko Sentral ng Pilipinas (BSP) on Thursday. The benchmark Philippine Stock Exchange index plunged 180.91 points to close at 5,961.99 points. “The BSP’s unexpected
Last week Share prices slightly went up as analysts said the local market showed resiliency despite geopolitical tensions in the Middle East and the sustained high inflation rate in the United States. The benchmark Philippine Stock Exchange index gained 6.39 points to close at 6,226.34 points. The main index was up in three of the