The local stock market will be steered by the release of corporate earnings and the January inflation report this week as investors look for signs on how the Philippine economy will be faring this year.
“This week, investors are expected to take cues from the Philippines’ January consumer price in
The PSEi rose back to the 7,000 level in late bargain-hunting following a week of steep falls and a strong bounce.
The main index added 41.19 points or 0.59 percent to close at 7,027.38 as the Property sector led the advance while the Mining and Services counters declined. Volume jumped to 1.9 bil
The PSEi weakened after the US Federal Reserve announced an expected rate cut which prompted investors to sell rate-sensitive stocks.
The main index dropped 49.57 points or 0.70 percent to close at 6,986.19, weighed down by Conglomerates and Property firms while more sectors advanced. Volume remai
The local stock market plunged as investors continue to lighten their portfolios before the Fed starts its meeting this week.
The main index fell 177.72 points or 2.55 percent to close at 6,793.25 as the Mining and Oil sector led all indices in the retreat. Volume rose to 1.54 billion shares worth
The local market fell as investors locked in gains while waiting for the US Federal Reserve’s meeting this week.
The main index dropped 81.19 points or 1.15 percent to close at 6,970.97 as Miners led the retreat although Banks managed to advance. Volume rose to 1.21 billion shares worth P8.3 billi