The local stock market is seen to remain volatile this week despite growing optimism over the recovery of the country’s economy amid the surge in COVID cases fueled by the Omicron variant. “Next week, we may see selling pressures take over the market following its 3.57 percent rally last week. The
The local stock market closed slightly lower after bargain hunters bought up shares late in the session.
Philippine Stock Exchange index (PSEi) The main index shed 5.88 points or 0.08 percent to close at 7,085.52 although only the Holding Firms counter managed to advance while the Services secto
The local stock market bounced back from early losses after the government announced that the inflation rate has eased. The main index rose 50.13 points or 0.71 percent to close at 7,091.40 as the Services and Financials counters led the advance while the Industrial and Property sectors retreated s
The Philippine stock market benchmark index PSEi plunged 2.89 percent on the last trading day of 2021 to 7,122.63. This drop pulled the index to slightly lower than its 7,139.71 close in 2020 when the market was also reeling from the impact of the pandemic. The All Shares index shed 10.6 percent ye
The local stock market dropped as investors worry again about the spread of the Omicron variant locally and overseas while assessing the damage wrought by Typhoon Odette. The main index lost 60.05 points or 0.82 percent to close at 7,237.61 as the Mining and Oil counter led the retreat although the