Local share prices surged to the 6,700 level on the second day, Jan. 4, of trading in 2023 as more investors returned to the market from the holidays.
The main index jumped 132.49 points or 2.01 percent to close at 6,718.59 as the Mining and Services sectors led the rally across the board. Volume
Rising rates and fears for a possible recession in the US were brushed aside in the local bourse yesterday, resulting in an uptick of the main index as
The local stock market is off to a good start as investors begin the 2023 with renewed optimism.
The main index rose 19.62 points or 0.30 percent to close at 6,586.01 as the Mining and Oil sector led the advance while Banks and Property firms lagged behind. Volume remained thin at 2.06 billion sha
Share prices declined before the long Christmas weekend as US markets weakened on continued worries over rates and recession.
The main index shed 35.91 points or 0.55 percent to close at 6,541.03 Friday, Dec. 23, as Conglomerates led the retreat while the Industrial and Services sectors managed to
Stocks bounce on bargain-hunting
By JAMES A. LOYOLA
The local equities market bounced after a series of losses as investors started to pick up cheaper stocks.
The main index added 43.85 points or 0.68 percent to close at 6,458.12 with the Services sector leading the advance although Banks lagg